The Federal Reserve announced that it was holding interest rates unchanged on Wednesday. While leaving the possibility of a hike in June, its statement inferred that it was in no hurry to follow on from its December rate rise.
So what does this mean? What does the future hold?
No one knows.
Not the Fed.
Thankfully, we flattened everything out per our process; because the QQQ’s have been hammered on a series of poor earnings. We remain short NZD/CAD.
Past that, we’ll wait a bit before making any moves …