Next FOMC Meeting and FOMC economic projections will be held on 22 Sep 2021. Some analysts have predicted that very likely Federal Reserve will announce or at least discuss bond tapering schedule in this FOMC meeting. This might make USD to be bullish for short term.
On the other side, recent US Economic data data such as Nonfarm Payrolls has been lower than consensus. In this case, there is small chance that Federal Reserve might decide to delay the bond tapering. If this happens, then EUR might turn bullish.
Recommendation
With this outlook, we strongly recommend all Ophiuchus and Limitless EA users to schedule to stop trading from 22 Sep 2021 till 24 Sep 2021 to avoid strong market move due to this announcement. You can use the stop trading period feature in the EA to do that. You can also decide to extend the stop trading period if you would like.
Disclaimer – Please note that Limitless Trading is not liable for our recommendation and is not responsible for any loss or profit that caused by this recommendation. You should assess your personal circumstances and perform own research to make decision for your trading.
