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Hie Ntombie ,
What`s your advice to someone who wants to take advantage of the Fed Rate hike this week. I think it`s a definite but the Chair might ` water `the percent down to reduce panic in the market . What can a South African novice forex trader do to pick a few pips. Happy trading .
Warm regards,
Stewart.
Hi Stewart
We are all looking forward to a hawkish outcome in such a way that it seems like a done deal already. If it plays out as expected and the rates are hiked even by few basis points, I’ll be looking at Selling EURUSD, If they keep the current, I think USD will sell off heavily purely because of the shock, thank for for stopping by and for your comment, happy trading to you as well.