This is a video summary of the Live Forex Trading Room session on October 23, 2007.

Today’s Summary, by Sunil Mangwani:

No trades today, just observing the markets after the large moves of Monday’s open, and waiting for the currencies to recover and gain some technicals to let us enter into new trades.

Looking at the GBP/USD, the pair recovered - and the recovery was quite amazing, to say the least. After the large drop on Monday, it recovered almost the entire move, and while we were expecting a recovery, we did not expect quite so much of it. (more…)