Good morning traders,
Big FOMC Statement looming today. I would expect a non-committal type of market today, until after the statement is released at 2pm eastern time. That usually means a sideways market, with a slight edge to risk off (down).
If the FED makes a Statement about 50 basis points rate hike, I think it would be better to not trade, as it will likely be very volatile and difficult to trade with manageable stops.
Big FOMC Statement looming today. I would expect a non-committal type of market today, until after the statement is released at 2pm eastern time. That usually means a sideways market, with a slight edge to risk off (down).
If the FED makes a Statement about 50 basis points rate hike, I think it would be better to not trade, as it will likely be very volatile and difficult to trade with manageable stops.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.