Hello traders,
As you all know yesterday was a big day due to the FOMC minutes and decision. Rumors are that fed decided to unwind their balance sheet by several billions monthly. There was also comments that the interest rate will be raised 1 more time this year, so the hug spike in the dollar was absolutely normal and it returned to normal levels before NFP. For me such predictable movements will lead to some strange price action in the upcoming days so again caution is necessary. I will try to wait for clear direction before entering my positions in the contest.
Have a nice day
As you all know yesterday was a big day due to the FOMC minutes and decision. Rumors are that fed decided to unwind their balance sheet by several billions monthly. There was also comments that the interest rate will be raised 1 more time this year, so the hug spike in the dollar was absolutely normal and it returned to normal levels before NFP. For me such predictable movements will lead to some strange price action in the upcoming days so again caution is necessary. I will try to wait for clear direction before entering my positions in the contest.
Have a nice day
