Any good areas to place orders? Any suggestions?
Also, do you think we might have any surprise rate hike? If not, how soon would you expect that?
PipDiddy:
"Today all eyes will be on the Fed as they give their FOMC statement at 5:30 pm GMT. While some market players are expecting the Fed to signal a QE3, some are saying that they could actually end up confusing investors with their press conference and economic projections reports following the statement at 7:00 pm GMT.
If you want to trade U.S. reports though, then you can also wait for the durable goods orders data coming up at 1:30 pm GMT. The core figure is expected to print higher than its previous figure, but make sure you keep an eye out for any surprises!"
I’m selling GBP/USD so I hope for good news from USA, but if I see bad news I’ll take my profits closing the short position.
Good luck
I am also selling the GBPUSD brother and i am using the news about the oncoming recession in the UK.
But i have no hopes for the QE3 from the Fed