The Retail Sales are much better than expected, but what does it mean for us?
I think this can be another sign that the Fed doesn’t have to make an extreme move with a -50 bps rate cut. The expected 25 bps looks like a good choice and won’t move the market that much. There is a great chance for STOP LOSS hunting in the market with big ups and downs, and it is also possible that the USD won’t fall that much at all.
Do not trade near the rate decision and the press conference, only if you are an expert news trader. The higher spreads, the faster ups and downs can hit your SL in a second. Be prepared.
