Respect The Fed – Actually…Screw The Fed

So we patiently wait for the Fed rate hike decision, and markets go nowhere.

Tomorrow we will finally get out of this seemingly endless grind sideways – going on nearly a full month now, when The U.S announces it’s decision on rates.

If you are “still” holding short USD and long JPY plays as I am – please be aware. The sudden reaction / volatility surrounding such a major news event demands “mucho respeto” ( much respect ). I anticipate large “sudden” moves in BOTH directions ( no shit sunshine! ) with plans to “add short risk” on any large-scale bounce.

The general lay of the land is just as well explained by Kathy Lien in the link below.

http://www.investing.com/analysis/trading-fomc-is-not-a-simple-binary-bet-265020

Ms. Lien is  so completely and totally boring it would be difficult to read much more than a single paragraph, but in this instance – she illustrates the possible outcomes “well”.

Any way you cut it, global markets will be down considerably into the middle / late October, so to be honest I could care less what happens tomorrow, but for those of you who are a little more “jumpy” than I – be very cautious with your trading prior to the announcement.

If you are out of the market then stay out…then look to pick off opportunities after the gong show.

USD looking prime for complete and total “cliff dive” – alongside “all things risky”.

 

 

 

 

 

 

 

 

 

Forex_Kong_Angry

2 Responses

  1. Dress September 16, 2015 / 2:01 pm

    Your posts are always great! Thanks!

    • Forex Kong September 16, 2015 / 6:40 pm

      Thanks Dress. So little to talk about these days with markets being such a drag.

      We’ll catch this one ( short USD and risk ) moving into late October….and that will likely “do it for me” this year.

      At least with respect to “big trades/big wins”.

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