Exciting news released from the FOMC minutes meeting! The Feds have announced that a June rate hike is likely as long as US data remains consistent! A June rate hike probability went from 14% to 26%. The dollar jumped higher while stocks came down. This is great news for the dollar bulls, looks like we will continue going up.
Had a couple losing trades before the market dried up for pre FOMC. I placed a short GBP/USD ahead of the the minutes release due to pound’s unexpected rally. I got a nice short entry and looks like I”ll hold. Here are the before and afters.