Traders Anticipate Risk Reduction Ahead of Key Events

Pepperstone analyst Michael Brown has indicated that traders may reduce exposure to risk assets ahead of significant events. According to Odaily, the U.S. Federal Reserve is set to announce its interest rate decision at 2 a.m. UTC+8 on Thursday, alongside earnings reports from major U.S. tech companies such as Microsoft, Alphabet, Amazon, and Meta. Brown noted that many participants are likely to cut positions due to these impending risks. Additionally, traders are aware that there is no positive news regarding the Middle East conflict, with no signs of a peace agreement between the U.S. and Iran, and the Strait of Hormuz remains blocked.