It took a little while for the market to make up its mind. But the ultimate takeaway from the FOMC has been that the message wasn't 'too hawkish', putting the USD under pressure against the rest of the currencies.
You could even make a case for long JPY or CHF.
I'm sticking with AUD long because I feel the chart has room to the upside, although 'soft employment data' has taken the wind out of the AUD a little and is a risk to the trade. The other risk being the markets reaction at the US open. But I'm heading out and I'm 'anticipating' USD weakness. Particularly given US jobless claims data.
This is a trade I will leave on through market close until completion, for better or worse.
You could even make a case for long JPY or CHF.
I'm sticking with AUD long because I feel the chart has room to the upside, although 'soft employment data' has taken the wind out of the AUD a little and is a risk to the trade. The other risk being the markets reaction at the US open. But I'm heading out and I'm 'anticipating' USD weakness. Particularly given US jobless claims data.
This is a trade I will leave on through market close until completion, for better or worse.
johnelfedforexblog.ghost.io
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johnelfedforexblog.ghost.io
Join the mailing list to learn fundamental trading.
Join the mailing list to learn fundamental trading.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.