I tried to figure out how to approach today's FOMC interest rate announcement to trade it successfully but I found out that the market reaction to the announcement is almost impossible to be predicted. The following chart shows the GBPUSD changes in the first 4 quarters after the announcement. I saw similar disturbance in EURUSD.
Have you previously traded based on the announcement? Was it successful? What was your approach?
Please share the information with us to make a correct decision or may be we should just stay out of the market at that time.
Thanks,
Al
Have you previously traded based on the announcement? Was it successful? What was your approach?
Please share the information with us to make a correct decision or may be we should just stay out of the market at that time.
Thanks,
Al
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