It was a spectator’s market this week…..well on second thoughts, NO-ONE would want to watch this market! Prior to the much anticipated Fed Statement, there has simply been NO MARKET. Then, a surprise FED backflip leads to a massive surge in USD cross currencies – including EURO. We had placed a Buy order well prior to the announcement which timed out due to the pre-News dead market.
The Day Ahead
High impact News – C.E.T.
|4:00pm||USD||Existing Home Sales|
|USD||Philly Fed Manufacturing Index|
Have a great Thursday