With the impending Federal Reserve meeting next week is looming large, I'm becoming more cautious, ready to nip it in the bud should something goes wrong with my trades. Sell at 158.25, buy at 155.XX
Fundamental notes: Bernanke pointed out that further monetary easing is needed (lower interest rates). Given this, a 50 points cut is a sure thing. US stocks plunged, economic data have deteriorated sharply, US is entering a recession, volatility is high..hmm..things not looking good for carry trades..
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