You’ve gotta have guts to trade this one with so many moving parts. It’s an easy one for the whales to exploit momentary the post-statement confusion but you can exploit those moves right back if you’re got the nerve and the quick trigger finger.
If you’re trading, think action versus inaction. Action is unreservedly positive for stocks and that ripples through FX as a positive for commodity currencies and negative for USD. If the action is weak today but the hints of future action are strong, that’s still a strong signal.
Gun to my head: this Fed always comes to the market’s rescue and I wouldn’t fight that trend. That bodes well for AUD, gold, stocks and short USD/JPY. I wish I could offer some trades with more confidence but this is virgin territory for everyone.
