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Last 48 hours have been very intense in the financial markets as everyone on this planet was waiting for the FED to deliver its monetary policy. As expected the FED kept on hold its monetary policy keeping the rates for another month at historical low levels. Now, that's not a new story, however they way Fed has decided to handle this decision is utterly BS as they have prepared the market for such a long time for a rate hike and now they keep delaying it and there are strong speculation they they won't move this year at all.
My reasoning still remain the same that they will eventually raise benchmark interest rate this December, as all previous major decision have been taken during this time of the year, maybe that's because during the holiday season the economy usually performs better.
One trade that I had during the rate decision was short USD/CAD and my trailing SL was hit to the PIP
before going in my direction again missing more than 100 pips from this trade
.
Best Regards,
Daytrader21
My reasoning still remain the same that they will eventually raise benchmark interest rate this December, as all previous major decision have been taken during this time of the year, maybe that's because during the holiday season the economy usually performs better.
One trade that I had during the rate decision was short USD/CAD and my trailing SL was hit to the PIP
before going in my direction again missing more than 100 pips from this trade.
Best Regards,
Daytrader21
