Fed Week Strategy Thread

Discussion in 'Forex' started by rickf, Oct 26, 2007.

  1. rickf


    So what's everyone doing/thinking going into the FOMC next week?

    I trade fx futures now and then.....so as for me, right now I'm torn between going long on the JY and EC now and/or have similar long orders queued up to fire IF a decision comes out to cut rates. Same goes for the DX.

    I don't think that a 25bp rate cut will be as surprising to folks as the 50bp cut was last time, however a 50bp cut now (or more cautious statements by the Fed) probably would send shockwaves of economic concern and be a good thing for those shorting the USD if not also underscoring more widespread concerns about the health of the domestic economy.