The FOMC Meeting- Good or Bad?
The FOMC (Federal Open Market Committee) is meeting tomorrow (Wednesday) and we're left to guess what will be the outcome of this meeting. Will there be an interest rate hikes or not? As for now, it doesn't look like there are going to be any. The reasons behind this speculation are the slight disappointment from May's employment data and the upcoming UK referendum on June 23. These events make us believe it is unlikely that Fed chair Yellen would be interested to cause further headlines as there are enough of those for a while in the Forex market. The most likely scenario is the FOMC will come out with a statement of great likelihood to rate hikes next month.
Currently, there are far more interesting things to look at in the market, for example: The Bank of China and The European Central Bank are both important factors to take into consideration at this time. This is due to the fact that any crisis in the Shanghai Accord currency truce can have a major impact on the dollar and might even cause it to rally.
Have you prepared yourself for the FOMC outcomes? Give yourself a chance to make big profits and open an account now!