FOMC Whipsaw - Fed Cuts 25 bps
Currency vols are going to spike up across the board this week with FOMC interest rate change and the employment numbers coming out on Friday. The sentiment is still USD negative and while a very good NFP won’t change that trend, the whipsaw could run stops in 70 pts + in either direction. This chart shows the whipsaw from the expected 25 bps cut - a 30 pip swing.:
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Posted: October 31st, 2007 under Currency, General.
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