Tuesday, March 18 2008

Data and more data, plus an interest statement by the FED. Markets are likely to be chaotic. A rate cut today could very likely create a counter move in the currency markets, especially if it is larger than expected. It may be seen as an ideal place for profit taking and viewed as the "last move" by the FED resulting in an upswing in the US$. Risk adverse traders may be well advised to just window shop today.