SPX FOMC game plan
|S&P 500 was duly disappointed by retail sales, and another push lower came on Trump‘s Mideast statements. Today‘s spotlight will be FOMC and tough explanation of no cut given the job market status (sure, today‘s unemployment claims aren‘t red hot, but the slowly rising trend is there in continuing ones), and I talk this and a lot more incl. winning trade for clients ever since I was eyeing it first before the 20y Treasury auction. USD is onto something, and the policy moves, dot plot and explanations made during the conference will reverberate through the markets today, as per below‘s client section analysis.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.