FOMC Fed Day

[4xis2ez]

Originally Posted by rparedes

Sorry for being green behind the ears. I thought sell the dollar but a lot of what I'm reading looks like dollar bulls coming in. Can someone explain this?

USD short covering. USD was very oversold and the short sellers are taking profit. But this may only last a few weeks.

[DeltaGuy]

Yes, the 80% probability reading from the bonds for no rate change held true.
Some more: Charts from today, including E-mini Euro FX, ES, NQ, ER2, and YM

[DeltaGuy]

Reminder: Fed Day tomorrow.

[DeltaGuy]

Fed Day reminder = tomorrow

[DeltaGuy]

Reminder: Fed Day tomorrow!

Probability of rate cut: 2%
Probability of no change: 98%

[DeltaGuy]

Originally Posted by DeltaGuy

Reminder that tomorrow is FOMC Fed Day. This means low volatility in the morning and extreme volatility in the afternoon - after 2:15pm EST. There are some charts and resources here that show what the previous Fed Days have looked like in the E-mini S&P500 - the ES:
FOMC Fed Day charts and figures

Probability of rate cut tomorrow is 2% and probability of no change is 98%.

[DeltaGuy]

95% change of a rate cut tomorrow

[DeltaGuy]

There's a possibility of a rate cut of up to 125 basis points tomorrow. Trade carefully. In fact, watch, don't trade.