Well, as per my previous post, Bernanke maintains his negative signal status.I'm happy to say I was trading the AUDJPY downwards today. I don't usually trade the downside, as I don't like the chance of being caught in a negative interest income position, but with Bernanke on the microphone, I just couldn't resist.I also had some very well behaving trend lines on the 1hr and the 5min charts.
Showing posts with label bernanke. Show all posts
Showing posts with label bernanke. Show all posts
The Bernanke Signal
Thursday, January 17, 2008
If you haven't noticed, Bernanke has turned into a Forex signal.The market will rise, anticipating that he'll say something useful, or helpful, but then he actually starts speaking and we get a precipitous drop in prices.Of course, when rate cuts are announced we will get a momentary spike, but it will only be lasting if the rate cuts are deeper than the market has already built into prices.Keep
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