WTI Crude: The FOMC Effect. 30Jan

Wondering what effect FOMC really has on the
WTI market?

Here, we see the rolling 3 month
daily range averages for Q3 2012
for FOMC days v 20 day & 60 day averages.

Notably, the variance and range for FOMC
is surprisingly muted. 
below we see the same data plotted
for ECB days during Q3 2012.

While FOMC can potentially be a catalyst,
probability actually favors the opposite 
relative to normalized range expectations
(as compared to ECB as an example).

This phenomenon occurred in Q2, Q3, & Q4 of 2012. 

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