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Will FOMC benchmark rate ‘par' near term?
Tue, Mar 18 2008, 07:00 GMT
by Anthony Samaha
ForexSurvivor
Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.
(18 Mar Europe) FOMC decision to cut 1% is there – stamped & signed! Only the release is awaited. Let me bring an article from my newsletter published on 01 Feb 2008: Reminder:
Non-Forex Department
Will FOMC benchmark rate ‘par’ near term?
Keep the play among both signals (OB vs. OS) for the next 2 weeks. Boring time for equity should be on the screen so to give time for investor evaluation concepts. Shall I invest, or shall I not? Most they will because definitely they have the conviction that the tumble was done and bottom is complete. Warning: Equity bottom Is far from base-built yet, and further deterioration should be on the screen so to let FOMC benchmark rate levels to 1% - &/or to equalize Japanese one!? Nothing is non-achievable this year!
The rate was then 3% and we are approaching 2% today, with the remaining 1% to be cut in the next months.
USDCAD: Sell 9920; TP 20pips
Trade valid till: 20 Mar
Mission Accomplished: Reminder:
N/A
Position Closed
*** The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ***
Published on Tue, Mar 18 2008, 07:01 GMT
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