Market Update for June 18

Yesterday was all about the Fed, the FOMC statement, and remarks by Fed Chairman Janet Yellen. All didn't disappoint. This is why I trade for a living and what I look forward to. The EUR/USD initially sold off on the statement and then caught a bid. I didn't enter the market right away because the volatility was so extreme that there was at times a  7 to 10 pip spread between the bid and the ask. I don't touch those kind of markets. When the spread tightened to 2 pips, I got long at 1.1290. While I didn't catch the majority of the move, I made money and went to bed because it was 1:30 AM here in Thailand.

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Today we have quite a few items on the agenda. First up will be the SNB's interest rate decision and then Chairman Thomas speaks. I'll be watching the USD/CHF and EUR/CHF crosses for movement. This all happens at 03:30 EDT.

After that we have UK retail sales at 04:30 EDT, wage growth in the euro zone at 05:00 EDT, US inflation data and initial jobless claims at 08:30 EDT, and the Philly Fed Manufacturing Index at 10:00 EDT. At 10:30 EDT we have natural gas storage data for those that trade natural gas.

It will be another exciting trading. As always, best of luck and happy trading!