Post-Fed Reaction

US stocks soar on Fed rate news
"Stocks on Wall Street soared on Thursday following the US Federal Reserve's 17th straight increase in interest rates. "

Dollar Drops as Dovish Fed Erodes Yield Curve Inversion
"Regarding inflation, the Fed maintained its description of inflation expectations as "remain contained", while the impact of resource utilization and rising energy prices to continue to only: have the potential to sustain inflation pressures."

Bureaucratese and the FOMC Statement
"I think this FOMC Statement could be better written - the last paragraph is especially bad."

29.6.2006

US Fed seen hiking rates to 5.25%
"We are at a turning point right now and not even the Fed can be sure how much more needs to be done."

The Inflation Conundrum?!
No genuine "tightening" has actually begun, yet...

Resume Trading

1100 - long cable 1.8192
M5 breakout
support: murrey math 0/8 level at 1.8188
resistance: murrey math 2/8 level at 1.8219
1115 - exit 1.8217 (+25) drawdown (-2)