Trading Futures with Yellen FED not acting in September(1 min read)

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As Yellen from the FED was not ready to act in September. Meaning no rate hike in september 2016. The market looks now forward for a possible rate hike in December or early 2017. The Fed has hiked before in December, I believe even last year. So there is a high probability in December for the Fed to Hike rates.

The market processed the disappointment and the SP500 went up. Price moved in a nice uptrend. This was based upon a Fibonacci 61.8 target of the first AB level, this was the CD leg.

In Futures I mostly trade for ticks sometimes points. In this case it was a nice Tick Fib setup.

You can also trade the SP500 as CFD product, for example on the Dukascopy platform.

 

 

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Wilco van Boxtel

Wilco van Boxtel

Wilco van Boxtel is an award winning, internationally recognized trader. With over 20+ years of trading experience. Branded for consistent results, Van Boxtel trades Forex, Futures, Options and Crypto currencies; containing of multiple markets and assets including the Euro and the American Dollar, Oil, Gold and Bitcoin.

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