Analyst: Traders may reduce risk exposure before the Federal Reserve's decision
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According to Jinshi News, Pepperstone analyst Michael Brown stated that traders may reduce their exposure to risk assets before the Federal Reserve announces its interest rate decision at 2 AM Beijing time on April 30. He pointed out that given the upcoming event risks, many participants will want to cut back on their positions. In addition, traders are also aware that there is still no good news regarding the Middle East conflict, with no signs of a US-Iran peace agreement, and the Strait of Hormuz remains blocked.
-- Price
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