Fed Needs To Cut Rates

Good morning. Hope you are all looking forward to another trading week.

The chart for the day is the Aussie Swissy and we have taken a short position on this cross based on our trading system. We have locked in profits already and are now managing the trade.

So what are the Fed going to do next? Everything they seemed to do has not really helped so now they really need to jolt the market. It certainly would not be a shock if they drop the rates again (which seems inevitable) but this time they will probably need to leave their mark so a 1 % rate cut may help.


Chart courtesy of Metastock. Data provided by Reuters.

Forex Analysts
Anne Chapman & javid Shaik