Forex Trading Mind

As expected, yesterday’s FOMC meeting saw a rate hike by 0.25% to 1.75%, and a statement implying two further quarter-point rate hikes this year.

Today is one of those days where I don’t see anything big and dominant to focus on in market news

Last month I wrote a piece about the FAANG stocks (Facebook, Amazon, Apple, Netflix and Google) which have led the great U.S. bull market in stocks over the past few years, arguing that Amazon and Netflix looked like strong buys.

One of the best ways to make profit in the market over recent years is by buying leading stocks in the American stock markets, holding them through bull market cycles.

Since the U.S. stock market made a sharp correction against the long, strong bull market at the beginning of this month of February, I have been warning against buying the dip too early.

After a lengthy period of low volatility in the market which finally came to an end a few weeks ago, traders now have a good, active market, but things are not as clear-cut as we might like.

I’ve been warning for several days now that the “buy the dip” message going out from people who should know better is way, way too early.

Price movements in Forex markets are usually determined mostly by supply and demand concerning the larger global currencies, primarily the U.S. Dollar and to a lesser extent the Japanese Yen, the Euro, the British Pound, etc.