FOMC today
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
FXTRADINGIDEAS@AOL.COM
Foreign Exchange
posted by Banker at
Tuesday, December 12, 2006
2 Comments:
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
Forex Blogger
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
Post a Comment
Subscribe to Post Comments [Atom]
<< Home