My easy guide to trading the FOMC

USD looks well bid (again) as we head to the Fed
Yesterday on my talk to the ACT course attendees I spoke about bias and how, at the early stages of planning a strategy, it’s good to know the bias of a currency. It doesn’t matter what you think of a country’s fundamentals, whether the data is made up lies, whether the central bank members are crooks or whatever. The price action bias tells you the path of least resistance. That’s a very big clue in the 50/50 choice on whether a currency goes up or down, and at the end of the day that’s what we want to know, will it go up or down?

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