Thursday, September 19, 2013

Day after FOMC

Normally we experience a lull in the markets the days before an FOMC announcement. So the tight daily ranges make it tough to trade profitably these days, but the days that follow it are the exact opposite, producing some excellent opportunities. The clear-cut message “no taper” gave the markets an immediate strong direction leaving no room for the normal fluctuations.

Once again I must thank my two “Uncles, Ben and Mario” for doing their outmost to push their respective currency down and our account balances up. And yes, “Uncle Haruhiko Kuroda” we see that right now you have the relay baton on your hands and you also do your best to push JPY down.

And a few hours later, JPY continues to dive !