2022-06-15 · EUR/USD
The Fed Hawk
The Fed hikes 75 bps for the first time since 1994
MarketEUR/USD
Biggest move-0.6%
Extreme at (UTC)18:00
Difficulty★★★☆☆
What happened
On 15 June 2022 the Fed raised rates by 75 basis points, the biggest hike since 1994.
The minutes around the 18:00 UTC statement and the press conference produced violent swings in both directions.
How to survive a day like this
- Check the economic calendar and the news before you trade: these days were announced or brewing for hours.
- Reduce your risk: on extreme days, 0.5% per trade is plenty, because stops can slip far beyond where you placed them.
- Do not fight the first move. The first candles of a shock set the direction for the rest of the session more often than not.