Post FED Interest Rate Announcement Yesterday

Post FED Interest Rate Announcement Yesterday

Post FED Interest Rate Announcement Yesterday

DAX – The indices have certainly been surprising most traders. As you will remember from our daily videos from last week we did mention that if the resistance is broken it would make a huge move upwards. The upper targets are still in reach before a pull back. Dax has the potential still to touch 11.386 and with a pull back if it gathered enough strength we might see it around 11.500. So the pull backs will give opportunities for the bulls to push it higher.

AUDUSD – The FED Rate gave the USD the boost to push the AUD back lower but can this be an opportunity to buy it? AUDUSD testing double bottom might just be the opportunity that we are waiting for to buy once again until the end of the year. Not a bad idea I am thinking. The 0.7320/10 area is a good support to retest but remember January will be a different ball game and the Christmas period might not be so quiet actually. Boxing day low volume may just do the trick for some fast moves upwards to make some profit.

 

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Don’t forget to watch our daily videos on our home page at www.cmtrading.com and review the daily economic data releases from our 

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***Information contained in this news letter are gathered from third parties and should not be regarded in any way as trade advice or recommendations by CM Trading. CM Trading does not recommend or advise traders or investors in their decision making, but merely provides information from the market for its clients as additional information being made available as per the events occurring in the financial markets.

 

HIGH RISK WARNING:

Trading Foreign Exchange (Forex) and Contracts for Differences (CFD’s) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.

 

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