To raise or not to raise, that is the question

by gracecheng | October 20, 2006 at 03:12 am
165 views | 0 Recommendations | 0 comments

Are traders back to hoping for US rate hikes by the Fed again, barely
after they have been speculating about possible rate cuts? Not too long
ago (weeks ago), no rate cut = good for USD. Seems like US bulls are
getting more greedy this time round. They want rate hikes, instead of
the old rejoicing over the very slim chance of rate cuts now. So we are
back to THE question: Will the Fed raise interest rates or not? Rate
hike = good for USD. No rate hike = bad for USD. I have doubts about
USD/JPY's reach for the stars which are hanging around the 120.00
galaxy, and EUR/USD's slide past 1.2450. Yesterday we saw some evidence
that...

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