Trading Ideas - Fed Interest Rate Decision - 5th Of August - Forex Forum

 
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> Trading Ideas - Fed Interest Rate Decision - 5th Of August
Arnaud Jeulin
post Aug 5 2008, 7:01
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Hello,
today the FED announces an interest rate. The market expects 2%.

AUD USD and EUR AUD are in a trend. the prices should continue in the trend.
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EUR CAD and USD CAD have broken an interesting resistance. It could be the beginning of a long term uptrend for the CAD.
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GBP JPY is near to break a support.

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USD CHF and EUR USD have a similar cnfiguration
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GBP USD downtrend acceleration
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Arnaud Jeulin
post Aug 5 2008, 14:13
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AUD USD is close to the support. Maybe the end of a great downtrend. On EUR AUD we could have 100 pips more but the risk is important.
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Great trade during the european session on GBPJPY
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USD CAD confirms the uptrend...
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GBPUSD is close to the support. the downtrend is finished...

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Some bad news in Europe help EURUSD to break the support.
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Arnaud Jeulin
post Aug 5 2008, 21:24
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Fed keeps key target rate unchanged at 2.00%
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