On 15th March 2017 by 18:00 GMT FOMC statement and economic projections are to be presented while announcing the Federal Fund Rate
The present rate is 0.75%. It is widely expected that an increase of 0.25% could be on the cards. So we all are expecting USD gaining sentiment after the announcement. Following that by 18:30 GMT FOMC press conference is going to be tracked by analysts to read in between – whether hawkish or dovish.
Expected market moves before and after FOMC rates and FOMC press conference
EURO and GBP are expected to make a dip during late European session and start the gaining moves from the start of US session (13:30 GMT) to confuse traders. Normally traders avoid taking positions before the prime data release. The players will have done the drop before the day of the announcement and they are expected to gain the levels in EURO and GBP from Japanese session of that day. During early European session, they could quickly gain further levels and slide towards the close of the European session. From the start of US session they are expected to rise EURO and GBP simply giving some excuse for the rate decision and make more quick rises during and after FOMC press conference.
Those who are opportunistic traders could buy EURO and GBP during the quick drop and keep stop at entry and exit after the rise they could do for FOMC trigger time.
All the best in your trades.
The expected view on market move or information provided here may only be used as an additional input for making your investment decisions. Dr.S.Sivaraman of i-knowindices.com is merely providing this column for your general information and any projections or views of the market provided by the author do not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Users are trading on their own risk and i-knowindices.com or Dr.S.Sivaraman shall not be responsible under any circumstances for the consequences of such activities . i-knowindices.com will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained in this column. . i-knowindices and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.