{quote} Post# 628 Excellent idea, roro53! I have hedged all my DAX investments currently & manage some scalping trades at EURUSD in these days & think that we could return into a range bound session or it could turn up till 1.35 speculative. I wish you green pips. FXcube
Ignored
closed out the nikki late last night positive 200...did not play the 2nd run up....closed out the other trades also. waiting watching S&P500 here just above 1600
i think the 'taper fear' by the FED is just another form of manipulation, and think the narrative changes this week ........the word 'taper' gets dropped from the FED's lexis
the FED's Bullard from June 6th.........(Bullard is supposed to be a FED 'hawk')
."The Fed's preferred gauge of price pressures, the PCE price index, has been running well below 2 percent, and declined further in April to a reading of 0.7 percent compared to a year ago.
Asked if he is prepared to continue bond buying unabated indefinitely, Bullard said "I'd be reluctant to make a tapering move with inflation trending down the way it is here."
"It's low, and it's below target, and it's been coming down. So I think we need some kind of reassurance that that's going back toward target, and right now the data is not giving us that reassurance. So I think this gives us the opportunity to continue the program and continue to be aggressive," he said."
i am long US Treasuries 30s and 10s from 140.85 and 130.25...........
i also think the soft numbers out of China play into the FED keeping the pressure on more printing.........NFP was not that hot, but employment is and always has been a 'straw man' argument for the FED to expand its balance sheet
also took a flyer on long aud/usd on the gap down........record short COT position
