In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we take a proactive look at the aftermath of the FOMC.
Last night, it was decided that interest rates were to be reduced by 25 basis points. This was very much anticipated, but still, the markets reacted with significant volatility. This was especially evident with USD strength and Gold/US Indices weakness. So, working with this information, we are looking to position ourselves in whichever markets give us better opportunities.
The markets which we are looking at selling are as follows:
- EURUSD below 1.1060
- Gold below $1410
- S&P 500 below 2956
Please note it is important to see continuation before entering these trades due to it being the first day of the month.
The Aftermath of the FOMC – Full Video Analysis
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