Intraday Market Thoughts
Latest Premium Trades After Fed's Predictable Twist
by
Sep 21, 2011 21:34
The FOMC has done what was expected via Operation Twist, buying the same amount of Treasuries ($400 bln) as it will sell, meaning there will be NO expansion in its balance sheet, hence a positive for USD. This explains the overall bounce in USD. And the fact that the Fed stayed away from cutting interest rate on overnight reserves is another positive for USD & negative for equity indices. Our EURUSD & ES (S&P500 e mini Dec contract) calls posted after the FOMC decision already hit all targets, therefore we are issuing 2 new trades in both instruments as well as new trades in EURJPY, EURGBP, ES and US crude. http://ashraflaidi.com/products/sub01/access/?a=499 NON-subscribers click here http://ashraflaidi.com/products/sub01/
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