Fed announcement today

Today at 2.15 the Fed will announce another 25 basis point hike. This is no surprise. It seems though that with these continued increases the shine is coming off of the "higher" yielding currencies. This is because rates are not rising in other countries quite as fast if at all. Tonight the RBA announces its rate decision and it is expected that there will be no change.

I still prefer staying long Aud,Nzd,Gbp against short Eur,Cad,Chf.

Also dollar Asia should remain heavy. Although I do not see any near term change in the Chinese currency, the threat is always there and as such so is the pressure.

These are my FX trading Ideas for today

Questions ? Comments? Please sent them to FXTRADINGIDEAS.COM