Disliked{quote} I see a possible test of the .097X level pre-FOMC or during as flows fill in.....However, if we get a RATE HIKE; then, I would expect a test to the .051X at very least....sisse doesn't believe the .073X will hold this time on this kind of news. I would like a rate hike to help me out of my position. Whether FED raises rates is a FLIP to me. Most believe FED won't raise; but, LABOR and WAGES are good and inline not to mention CPI, Manufacturing and Production are in line as well. Inflation is showing signs. I would see a rate increase most probable NOW than by June or July. I do see the .108X being a FLIP area. Interesting to me as how many closes below it since the LONDON session and even in the US session so far. US EQUITIES would go up some with NO RATE increase but I believe as sisse pointed out, it may get to the 2020 area but not much more as I do not see the FED being very Dovish. Dovish in the sense they don't raise the rates. If they don't raise rates; then, I believe the language will be more about the rate increases throughout the year and Hawkish. We know ECB is not raising rates nor BOE.Ignored
In case of hike I would expect 1,080 and back to flip 1,097 and down. However, I dont know if I would play it. In any moment there can be risk-off :/ thats the worst problem with E/U now.