Wednesday, May 31, 2006

It Ain't Priced In, so Dollar Should Rally a bit, despite whatever NFP brings on Friday...

I'm going to take a nice evening walk in about 10 minutes to clear my mind of everything. Today's release of the FOMC minutes basically said, yes another 25 basis points in June, and the initial equity market reaction was correct, dipping into the negative; you have to realize that it only rallied in the last hour because it's been shit upon so hard in May. As such, the dollar should gain strength at least 3 handles against the majors, especially versus pound sterling. I'm going to clear my mind and start all things new tomorrow, June 1, 2006. Right now, I am filled with frustration and bad health.

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