In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we take a close look at the Fed decision to keep the rate unchanged, however, it became clear that a dovish Fed was more than expected.
The major reason for this was because of Fed chair, Jerome Powell’s, equally dovish press conference. In the previous meeting, the Fed were happy to hold rates and monitor the data with a view to lower interest rates if required.
Now, the Fed has effectively taken the bull by the horns and preempted the potential. There are now two potential rate decreases planned over the remainder of this year. This is a big shift for a central bank which has been increasing rates since 2016.
From a technical trading perspective, we need to interpret this information and assess the commitment of others before we commit ourselves. As a result, we will be looking for opportunities in S&P 500 above yesterday’s daily high above 2932.
Dovish Fed Was More Than Expected – Full Video Analysis
Take your trading to the next level with our 14 Day, No Obligation, Free Trial. You will soon discover why we are trading’s best-kept secret. We are successfully building the world’s largest group of profitable traders and would like you to be part of it.
You can join for as little as $19.99 per month, no contract, cancel anytime. Just one profitable trade with us per month covers this amount, the rest is pure profit. You will benefit from unparalleled access to our professional traders, our transparent trading performance, our LiveTradeRooms and access to the most comprehensive trading education on the market. What have you got to lose? JUST CLICK HERE TO GET STARTED NOW and see how real money is made!
