Ahead of the FOMC markets were moving fast with plenty of trading opportunities for day traders of futures whether in currencies, indices or commodities, and it was in index futures and currency futures we saw the strongest moves with the USD being bought strongly along with other safe-haven currencies such as the yen and the Swiss franc with commodity currency selling off equally strongly, as risk off fear drove the indices lower with much of this occurring during Globex and ahead of the cash market open prior to the FOMC meeting later in the day.
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