I was going to write a piece today about Bernanke and the Fed, but I held off for two reasons.
Firstly, in the short time I have been here I have discovered that Tycoon Report readers are tuned in and informed about markets. Given that, the chances are that by the time you get to reading this you will be thoroughly sick of reading about the Fed.
Secondly, my time in the Forex market has taught me that, in times of extreme volatility, it is better to react to the actual news than to try to anticipate it.
In this case, I believe it will be better to wait even longer, let the market settle and look for a correction back the other way before trading.
This touches on two of the things that I picked up during twenty years of being a paid professional in the FX market, and that I have learned apply to all markets to varying degrees:
First, don’t try to beat those on the inside when speed of execution…