Post FOMC

Following the lack of fear induced by the FOMC press conference, 'unlikely next move will be a hike', US bond yields lower. The market remains 'cautiously optimistic'.

Some well timed (but not confirmed) JPY intervention threw a curve ball but doesn't alter my view of looking for potential 'risk on' trades.

Higher than expected inflation from Switzerland has given the CHF a boost. But considering CPI at 1.4% is far lower than other regions and far below the required 2%, I'm viewing the CHF strength as an opportunity to sell the Franc.

In conclusion, I start my day looking for 'risk on' opportunities, preferably with a stop loss behind 1hr support.

Feel free to email any questions or thoughts: johnelfedforexblog@gmail.com