Fire_Control

Agree. Not a reason to hold off. The FED doesn't want to stir the pot. They ended QE without much damage. They wanted to raise rates for a while but with new issues with asia and oil they can't get away with it.

My guess is they come up with some excuses and use some massaged economic numbers to put it off until December.

I agree, it does feel a little different this time.

Just not sure about your FED. It seems to me that they are almost fishing with the rate hike talk. It's a weird analogy but I think they are just releasing these statements and seeing how the markets react.

I have been on the no rate hike in sept train for a while but maybe I'm wrong.

Grabbed some uvxy puts right at the close. Small position.

Predictions for next week?

I assume you mean UWTI. Where is your stop? Keep your stop tight. You are trading the front month contract of crude oil futures.

They have to do a roll and the decay can crush those things.

Lots of traders with missing fingers right now. Trying to catch a falling knife is a bad idea.

China is the elephant in the room. Devaluing is being interpreted as their economy slowing down.

They are a big consumer of commodities and raw materials. They just gave US companies a 4 percent discount on their goods.

Oil will not move up until china gets sorted out.

I am pretty sure he goes home and kills himself. Only way out here.

He will never live that down.

Why the short on US/CAD? We are not in a good place up here right now. All commodities in the tank and they keep talking about raising rates. No way they can raise rates here. If they do it will be 0.5% at the most. A 1 or 2 % rise in rates would smash the economy further. Then they will realize it was a mistake.

Seems like most central banks are talking down there currency except for the US.