Analysts: Traders may reduce risk exposure ahead of Fed decision

Pepperstone analyst Michael Brown said traders may reduce their exposure to risky assets before the Federal Reserve announces its interest rate decision at 2 a.m. Beijing time on April 30. He noted that given the risk of upcoming events, many participants will want to reduce their positions. In addition, traders are also aware that there is still no good news on the Middle East conflict, there is no sign of the U.S. -Iran peace agreement, and the Strait of Hormuz is still blocked.