Upcoming data from US housing market, manufacturing, and consumer confidence are all expected to reinforce concerns and make it easier to expect the Fed to delay raising interest rate.
In about one hour to the market close, technical data suggest that the recent negative impact from German IFO on Euro has started to fade. So I decided to buy EURUSD at 1.5516, and I might increase the size if I find more supportive facts.
June 23, 2008
Buying EURUSD; Starting to price FOMC Rate Decision
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Blogger was inaccessible last night and I placed this post 12 hours later.
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