May 21 - Sutton Systems Accounts
The large moves seen in equity markets saw some major shifts in most currency pairs. Friday capped off a very trying week for Sutton Systems as account fell on account of a few trade losses. During this however, the systems were shut down to prevent further falls and as such, there is currently only one open trade.
An assessment of the systems and market will be made very early in the week prior to re-engaging the overall strategy. As shown in the past, Sutton Systems have a very strong tendency to recover quickly from falls like this and it is expected that this will be no exception.
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May 21 - Australian Markets
Although only appearing slight, the sell-off on Australian markets looks set to continue following the U.S.' end to a fourth straight losing week. The SPI 200 Futures Index is currently down 8 points.
May 18 - Australian Market
After falls in the U.S. markets, the Australian market looks set to continue is downward run, the SPI 200 Futures Index is currently down 76 points.
May 21 - Euro
The euro fell for a third week against the dollar, reaching a four-month low, after the failure of Greek leaders to form a government increased concern the debt crisis may spread to other nations in the monetary union.
May 18 - Euro
The euro fell to a four-month low as Spain's borrowing costs rose at an auction, stoking concern that the region's financial contagion is spreading from Greece.
May 21 - Asian Currencies
Asian currencies are poised to keep falling after the biggest decline in eight months as the region's economy slumps more than investors expect, spurring more interest-rate cuts, according to Citigroup Inc.
May 18 - U.S. Stocks
The Standard & Poor's 500 Index (SPX) tumbled to a four month low on disappointing economic data and concern that credit ratings for Spanish banks would be cut.
May 21 - U.S. Stocks
U.S. stocks tumbled for a third week, pushing the Standard and Poor's 500 Index to its longest losing streak since August, amid concern global economic growth and Greece may leave the euro area.
May 17 - Sutton Systems Accounts
During the day and early night sessions, open trades began to show signs of returning toward break even and more however the news from the ECB sent them back toward lows. While there have been no trade stops or closed losses, this widening of the open trade balance has negatively affected accounts since yesterday's rollover.
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May 18 - Sutton Systems Accounts
Another trying night for Sutton Systems as open trades continue to offer no relief. There are two problems that arise from such a situation, one is the obvious potential for loss and the second is the lack of potential to be making profits on other pairs while open trades are so tied. Unfortunately this is a part of trading and, no matter what system is being used, will happen from time to time.
All systems are running smoothly, it will just be a matter of waiting out the current open trades.
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May 17 - Australian Markets
Set for a flat open after U.S. markets saw earlier gains paired, the SPI 200 Futures index is reading a fall of 2 points.