Trading Forex During Central Bank Week: High-Impact Tactics When central banks like the Fed, ECB, or BOJ announce rate decisions, the forex market shifts into high alert. These weeks create the most volatile and fakeout-heavy setups — and also the most profitable. What happens: Price consolidates into OB or EQ pre-announcement Whipsaw action occurs on the news Directional moves follow once market digests the outcome How to trade it: Don’t trade immediately after the release — wait 15–30 minutes Look for price to sweep a major OB or liquidity pool Enter on post-news BOS/CHoCH confirmation — not emotion These events aren’t just about the rate itself — they’re about forward guidance (tone of speech, inflation talk, projections). Smart traders also compare DXY with other major indexes to judge true USD strength after the dust settles. Central bank week = discipline over impulse.