Thursday, November 29, 2007

Look's Like Bernanke is set to ease....

Bernanke seems to be signaling an interest rate cut is in the works. This STORY just out on Bloomberg news outlines the reasons. I am still long dollars across the board but I am not sure if that is such a good thing in the face of this interest rate cut. My positions are as follows.

1. Long Usd/Krw
2. Long Usd/Brl
3. Long Usd/Ars
4. Long Usd/Twd
5. Short Eur/Usd

Good Luck and Good Forex Trading.

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