FOMC Introduction

Next week is going to be a big week for all the International investors and all the Forex traders around the world, as FED is considering for an Interest rate hike from 0.25% to 0.50%. It's along the wire for so many months since the start of 2015 but got delayed unexpectedly mainly because of the global economic breakdown caused by Chinese around mid of the year.
Amid economic slowdown all round the world, things started to recover from more fast for US and US economy shows better improvement from the global economic breakdown than all other currencies. Because of this, FED again started showing some hope of rate hike before 2015 end. Once the hope rises, US more important NFP reports started beating the forecast twice (271K, 211K) which poses more strong contention to increase the Interest rate. As US data are more supportive for a rate hike, 99% we will be witnessing a rate hike next week.
Now, the important question for all the traders would be when to go long on USD and which pairs to consider. My personal advice would be not to trade during such news event to avoid big heartbeats and tension. But at the same time, we can use this by being in the market well…
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