For those scalpers who followed my advice last night on the GBP/USD pair, you should be sitting on some nice profits by now, as the currency has fallen from 9811 to a current level of 9744 – a profit of 67 pips. Smaller gains were acheived on the EUR/USD which is trading in a narrow range at the moment.
The major news annoucement today is at 6.00 EST with the release of the FOMC minutes from the May 9th meeting. If you like trading the news, then stay with the trade. For those more nervous traders I would suggest you take your profits off the table and wait for further opportunities tomorrrow.