Hello fellow traders. Ive been sitting around for what seems like weeks waiting for some pull back on these big moves we have seen lately in the Eur/JPY,EUR/USD and GBP/USD. Ive put in a variety of shorts at different levels with pretty tight stop losses hoping Ive found that top. Ive had some good gains here and there, but the catalysts that I would thought provoked some sort of sell off have just not panned out. I enjoyed the ride up, I just dont know whats going to get the ride down started. Its driving me nutts.
Im wondering if the Fed meeting this week will have some sort of surprise for us that will get things started. What do you guys think? Inflation is definately all around us. Super MArkets, Gas, even dining out. I personally think its still a problem, and even though it would be great for the Fed to cut interest rates, I sense a bias of a rate hike at the next meeting. Unless of course the Fed senses that the housing market is more of a problem then they originally thought. All this speculation is what makes FX trading exciting I guess..lol..anyway..your thoughts?
Im wondering if the Fed meeting this week will have some sort of surprise for us that will get things started. What do you guys think? Inflation is definately all around us. Super MArkets, Gas, even dining out. I personally think its still a problem, and even though it would be great for the Fed to cut interest rates, I sense a bias of a rate hike at the next meeting. Unless of course the Fed senses that the housing market is more of a problem then they originally thought. All this speculation is what makes FX trading exciting I guess..lol..anyway..your thoughts?