Sorry was out yesterday afternoon

As every fulltime trader working  from home knows, there are interuptions at every turn...especially  when its  school holidays. Yesterday was no exception. The surprise announcement by the Fed, has turned  the  market on its ear. Anyone who tells you they saw this coming and is not surprised, is  a  liar... Yeh, OK,  maybe in  the  second Qtr..  but  on  a friday morning in Asia...naahhh... Black Swan event  more likes...which is why we always use stops...they are our seat belts.. or  airbags  if  u  want  to  get all 21st  century  on  me.
As I arrived back to the house, a group of relo´s and friends were sitting up by the pool right next to my office, They asked me why, and what were all  the  sounds eminating at ever increasing tones coming from the office...luckily I came in to check.... I managed to sell some Crude Oil and Copper as they seemed to be lagging gold and Silver. I also sold some Aussie on the break of the ma..not  so  good..currently  im  down 10 pips  and  going  to  close  that. Our Eur/Usd long from 1.3550 was stopped  at b/e for no loss, but  we  gave  up  what  profit  we  were  sitting  on..Yes, yes, I know I should have trailed  the  stop...  shoulda coulda woulda, DIDN´T...

On a brighter note  though, I also placed an order to buy Usd/Cad @ 1.0410 stop 1.0388 from an ALG reco.. gotta  hand  it  to  him..  when  he  gets  it  right  he  gets  it  really  right..

It seems  that  the only  reason the Dollar is not a great deal higher this morning is because the PBOC has been  seen selling USD  against nearly  every major pairing throughout the Asian and London sessions.

I havnt gone into the details as to why the Fed raised the dscount rate,but, my first thought is that this  was a politicaly motivated move ahead of Burntcakes´s appearance before congress  next week. The Obama administration is hell bent on reducing, if not, eliminating leverage in the financial markets and the Fed by its actions has just shown that they are on the same team...well. they are acting like they are on the same side..you and I both know  that isn´t true.

As far as trading goes, its back to the technicals to see what we can find..personally, I think we see some sort of retracement of yesterdays move then it will  be  back to the same  ..a  little  more  later.