07 October Probability Studies - FOMC minutes eyed
Tue, 07 October 2008 By Johan Kriek (jkriek@fxinstructor.com) Key notes: -BoJ keeps rates steady at 0.5% -RBA cut rates with a full 100 basis points, does not seem to send the AUD lower -Equity indexes globally plummet, Russian & Brazilian markets halts trading -Dow below 10,000 -FOMC Sep meeting minutes released in US session later today Bullish Probability but no trade zone. Wait for the 1 hour stochastic to cross bullish to signal that market rhythm is once again trending in the direction of highest probability Bearish Probability but also in a no trade zone.
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07 October Probability Studies - FOMC minutes eyed
