The Fed will be be meeting today to discuss interest rates. The overwhelming consensus is for no change (5.25%). I expect a pretty quiet day, as the market looks for the comments following the announcement for further direction. I currently do not have and major currency positions but will be looking to sell Euro 1.3340/50 and stop out and go long on a break of 1.3370.
FXTRADINGIDEAS@AOL.COM
Foreign Exchange
I'm going into the announcement holding short GBP/USD, hoping this will give some direction to the market, it currently seems intent on drifting slowly up.... We will see
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fxtradingblog.blogspot.com
It seems that the market is taking every opportunity to sell dollars. As i said earlier, I am on the sidlines for now. Good Luck
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