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Old 05-09-2006, 09:02 PM
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FOMC and best way to play a trade tomorrow?

Hello everyone,

For the pro's who know this, what is the best way to play the news from the FOMC meeting tomorrow? Most are anticipating a raise of .25%, so be it...
But if the comments are he will put a hold on the raising of rates, will we see the EURUSD go short??? Will the dollar stregthen??

Should we put a BUY and SELL STOP say 25 PIPS outside the current levels a few minutes before the announcement??

Please give some scenarios please!!!

thanks
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Old 05-10-2006, 06:41 AM
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You got me there!

I'd been thinking the same thing. However, even with some good news the dollar hasn't been reacting all that well. So, no, I wouldn't even play a straddle position tomorrow.

moneyline
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Old 05-10-2006, 02:23 PM
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Last edited by Bogdan; 05-11-2006 at 01:21 PM.
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