As we all know, FOMC is not an event to be trifled with. The internet is filled with war stories about how this single event has caused some serious damage to trading accounts. As such I always prefer to stand aside until the market has closed before making any considerations. Because it’s such a volatile event, markets have a tendency to coil, or consolidate, ahead of the statement. In the case of tomorrow’s FOMC that statement will begin at 2pm EST. One pair I’m keeping a close eye on heading into tomorrow is AUDUSD. After a 560 pip decline that began on May 14th, the pair has spent the first half of June ... (full story)