FOMC Meeting Announcement on Wednesday April 27, 2011
Tuesday, April 26th, 2011Hi Everyone,
I wanted to give everyone a heads up on a time change for the announcement from the FOMC meeting. The announcement is usually released at 2:15 P.M. EST, but they have moved it up for Wednesday April 27, 2011 to 12:30 P.M. EST
There can be volatility after these announcements are released. Even when its expected that there will be no change to interest rates there can sometimes be something unexpected in the language and that can cause adverse and strong price movements.
In our trading room it is our policy as short term traders to be flat before these announcements.
Best wishes for successful trading!
Leslie Jouflas
www.tradingliveonline.com
8325 East Pheasant Hill Lane,