The Fed left the target range for its federal funds rate unchanged at 0-0.25% in June 2021 but policymakers signaled they expect two increases by the end of 2023.
In the US, equities are softer following the announcement, which has also positively impacted some of our recent ideas:
1. USDCHF (long) - at a 1-month high
2. CADJPY (short) - at a 3-week low
3. Gold (short) - at a 1-month low
4. Silver (short) - starting to break below key levels
5. USDZAR (long) - high of R14 this evening. Over the past few weeks, the tactical model has suggested small long positions and/or phasing in to a long.
6. Volatility (long) - also starting to pick up.
Call the Trading Desk to inquire about any current or pending opportunities.