Not to throw a monkey wrench into the works but the FOMC of today is from the assembly out of formerly. We know what the FED did. I really don't think now's PPI is going to have a lot of impact.
I predict, and this is only me, no analysis here, once the report hits, the GDP will jump upward THEN go back down. The over all trend is down anyways. So I feel secure.
I have been discussing this a lot over the last few hours
inflation is a concern, but the jobs numbers are giving a clouded picture due to seasonal workers, and baby boomers retiring
the fed is concerned about a house price driven crash so would be more likely to anounce a pause, but no cut, maybe not yet
manufacturing cpi ppi is more likely to increase from the run up to the holiday season, well absolutely accurate in the united kingdom
eventually the gbp/usd and eur/usd are at a peak or beginning a downward trend, so the upside of the announcement will be restricted
tomorrows data also indicates a strengthening of the dollar.... Me thinks
either expect a large, or whipsaw
Heres the minutes...
http://www.federalreserve.gov/fomc/minutes/20061025.htm
Bah
marketed with 6 pips profit
it was on 15pips, x3 lots.
Fantastic god! LOL
Spot on
nicely done me!
I trade, the motion wasnt there, and could go either way
I'd have waited before the eur/usd was over 1.2850 before I marketed, aint becoming a grid lock between fundys and techys. . Thats too much of a gamble
Do not Traded it!
Best choice MaXey.Originally Posted by ;
I did get struck for -15. . .bad choice. . .should have stood. These moments can be unreliable and bad. . .too much information to digest.
DC
Posting Permissions
Reply With Quote