FOMC Interest Rate Statement
Well I stayed up most of the night and through the morning hoping at least one of these big news items to give me enough volatility for a trade. And of course, it never came. But I did catch the move on FOMC news this afternoon and it turned out to be profitable. The interest rate remained unchanged at 5.25%, but hawkish statements afterwards drove the EUR/USD back down to the pivot for a very nice bottom. After that, the ride was obviously to the north and I jumped in when it started to take off. My target was 3306, which it hasn't hit yet. I did, however, book profits when we hit the H3 cam line. I'm still waiting for a re-entry signal, but it may not happen this late in the day. Anyways, that will probably be it for me today. Retail Sales tomorrow morning on the dollar. Hope you all made some pips.UPDATE: No more trades, but here's a link to a great analysis of the fed statement compliments of babypips.
- LONG EUR/USD for +29
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