Stavro D'Amore
Former FPA Special Consultant
- Messages
- 547
Hello
Today we have the FOMC Meeting with minutes.
Pair to trade: EUR/USD
We need: Sell EUR/USD: Hawkish comments
BUY EUR/USD: Dovish comments
Economical Impact: High
Typical Result: More hawkish than expected Good for USD Currency
Occurrence: 8 times per year, 3 weeks after the Federal Funds Rate is announced
Spike Probability: Mixed, we can see high volatility during this release
What is it? And why does the market care?
The minutes provide detailed insights regarding the FOMC's stance on monetary policy, so Currency traders carefully comb them for clues regarding future interest rate shifts
Method to trade this:
Stavro D’Amore Trading Method
Approximately 5 minutes prior to the news release I will be looking for a short term SHORT position using EUR/USD pair. I would be out of this Short trade 30Seconds before the FOMC meeting minutes begins.
During the FOMC meeting I will look for an instant move of momentum, if I see more than a 25pip mini spike I will go with the trade that way. And place a 20 pip SL not including spread.
I will exit this trade when I see a bottom forming or a resistance level.
Please make note that Liquidity will be in the EUR/USD pair and at the moment this pair has been Bullish, so if we get a hawkish comment from the FOMC meeting we could see the bears run into this pair and drive it bellow well bellow 1.4430, Please keep in mind that this pair can bounce a lot during this release.
Historical Chart and Data for FOMC meeting Minutes
all the best
Stavro D’Amore
Today we have the FOMC Meeting with minutes.
Pair to trade: EUR/USD
We need: Sell EUR/USD: Hawkish comments
BUY EUR/USD: Dovish comments
Economical Impact: High
Typical Result: More hawkish than expected Good for USD Currency
Occurrence: 8 times per year, 3 weeks after the Federal Funds Rate is announced
Spike Probability: Mixed, we can see high volatility during this release
What is it? And why does the market care?
The minutes provide detailed insights regarding the FOMC's stance on monetary policy, so Currency traders carefully comb them for clues regarding future interest rate shifts
Method to trade this:
Stavro D’Amore Trading Method
Approximately 5 minutes prior to the news release I will be looking for a short term SHORT position using EUR/USD pair. I would be out of this Short trade 30Seconds before the FOMC meeting minutes begins.
During the FOMC meeting I will look for an instant move of momentum, if I see more than a 25pip mini spike I will go with the trade that way. And place a 20 pip SL not including spread.
I will exit this trade when I see a bottom forming or a resistance level.
Please make note that Liquidity will be in the EUR/USD pair and at the moment this pair has been Bullish, so if we get a hawkish comment from the FOMC meeting we could see the bears run into this pair and drive it bellow well bellow 1.4430, Please keep in mind that this pair can bounce a lot during this release.
Historical Chart and Data for FOMC meeting Minutes
all the best
Stavro D’Amore
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