🔥 FOMC meeting... Should I be careful? Should I trade?Â
E-mini S&P 500 FuturesCME
Description
⋅ 📢 Insight on FOMC meeting:
No need to trade during this meeting. Protect your capital.
- Keeping it short this time. Stands for, "Federal Open Market Committee".
- Meetings are held 8 times a year. 6 wks apart.
- September meeting is crucial. Right after summer ends.
- FED gives economic forecasts (GDP growth, unemployment, inflation, etc)
- Budget/ debt ceiling discussions/ decisions
- Interest rates (mortgage, savings, etc)
- Forward guidance (very important, probably what matters the most here).
- These decisions will affect the US Dollar, which affects the global economy one way or another.
- Volatility for markets, especially if there's new/ unexpected guidance.
Pay attention to the forward guidance today. Everything else may already be "priced in". AMEX:SPY NASDAQ:QQQ CME_MINI:ES1! CME_MINI:NQ1! will react the most.
Good luck & trade safe. No need to jump on any trades during the meeting YOU MAY GET burned (unless you do a straddle I guess). 💯