Here is a composite chart on how the stock market has performed on Powell’s 13 FOMC days

  


Buy the decision, sell the press conference

This is a great chart from Bespoke showing how the FOMC tends to strike a dovish tone on the decision, but that it all tends to fall apart int he press conference — think ‘midcycle adjustment’.

Buy the decision, sell the press conference

I imagine the same stands true for FX. The best trade on Fed day is probably to fade whatever happens about 15 mins after the decision.
ForexLive



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