A thread to discuss best scenarios under any possible result from Sept 18 Fed's rate statement.
There are 3 scenarios. My plan is to check first 15 min action while getting familiar with the statement on the newswires.
1. Stock market rally on rate cut (0.5%?) + statement
Best trades long EURUSD, EURJPY, USDJPY
AUD and NZD pairs, too?
GBPUSD not advised due to last developments in UK?
2. Stock market selloff on rate cut (0.25% / no-cut) + statement
Best trades short EURJPY, USDJPY
GBPUSD is a possibility, since cable is weak already. I don't think there will be buyers around in this scenario.... But cable may be sold out already (last 1.9950)
3. Stock market bumping on rate cut (0.25%??) + confusing statement
In this case I think the best trade is staying out (for the week?)
Due to last developments in UK, I'm really afraid of trading cable whathever the outcome...
I'm not closed on those pairs and I still haven't decided which to trade in each scenario. Everybody's view is welcome
C´mon, bring up your views here... 24 hours to go...
There are 3 scenarios. My plan is to check first 15 min action while getting familiar with the statement on the newswires.
1. Stock market rally on rate cut (0.5%?) + statement
Best trades long EURUSD, EURJPY, USDJPY
AUD and NZD pairs, too?
GBPUSD not advised due to last developments in UK?
2. Stock market selloff on rate cut (0.25% / no-cut) + statement
Best trades short EURJPY, USDJPY
GBPUSD is a possibility, since cable is weak already. I don't think there will be buyers around in this scenario.... But cable may be sold out already (last 1.9950)
3. Stock market bumping on rate cut (0.25%??) + confusing statement
In this case I think the best trade is staying out (for the week?)
Due to last developments in UK, I'm really afraid of trading cable whathever the outcome...
I'm not closed on those pairs and I still haven't decided which to trade in each scenario. Everybody's view is welcome
C´mon, bring up your views here... 24 hours to go...