Tuesday, August 07, 2007

Rates held steady

So the Fed held rates steady today, which based on the market reaction was basically expected. Thet reaffirmed its expectations for moderate growth ahead and inflation as its predominant policy concern. But I do they they left themselves abit more "wiggle room" to move on rates if the situation warrents but I for one am not looking for that.

Good Luck and Good Forex Trading....



Blogger z-stock said...

took out a short position IWM end of day…i have good reason to beleive IWM fails at it’s 200ma = 79.9, lets hope i have it right.
It’s just a short term position, i’m expecting a mild market pullback, thru options expire week

6:04 PM  

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