Forex Trading Mind

The FOMC will conclude a 2-day meeting tomorrow, and release a statement with economic projections, and may even raise rates. T

Late in Tokyo trading, Bitcoin fell to a significant recent low price against the U.S. Dollar, just a whisker off $4000.00 per coin.

The Chinese government earlier today (Monday) banned the launch of any new cryptocurrencies or fundraising activities through ICOs (initial coin offerings).

U.S. economic data released yesterday came in better than expected, with latest GDP numbers up at a 2-year high on a 3% increase.

I ran a little testing over the weekend over a Forex trend trading strategy I like to use. The entries are quite simple – you enter after a pullback when the price starts to move with some strength back in the direction of the trend. In other words, “buy the dips”, and there is nothing revolutionary about that.

In yesterday’s preview of the upcoming FOMC Meeting Minutes release, I highlighted that the most probable tradable incident would be if the statement contained language doubting increasing inflationary pressure, going on to recommend that if this occurred, stocks and the AUD/USD currency pair should be the best vehicles to trade, in the long direction.

A few hours from now, at 7pm London time, the Federal Reserve will release the minutes of the recent FOMC meeting, the contents of which will be keenly examined by the markets, which may then generate significant moves in USD and stock prices. It’s a simple action of a release of a statement (the minutes), and that is it.

I spoke too soon yesterday, about the