The much awaited FOMC meeting and statement.
Not knowing where the market would go, but confident that the market swing would be significant, I decided to put spread spot trades on a stop if bid or offered basis.
EURUSD: 1.0690 and 1.0625 with spot at 1.0662
GBPUSD: 1.4760 and 1.4700 with spot at 1.4730
AUDUSD: 0.7690 and 0.7630 with spot at 0.7665
I squared the position just before the press conference; EURUSD at 1.0775, GBPUSD at 1.4848 and AUDUSD at 0.7728.
I locked in 211bps of trading profit…………Yum Yum! Thank you FOMC….(“,).
The Panthenon Investment Group 