The Fed is expected to end 6 years of Quantitative Easing and that’s enough to make this Fed decision a major market mover after a period of relative calm. Apart from the historic move, there are three other things to watch out for: guidance on rates, the assessment of employment and the assessment of inflation. Update: QE Ends – Fed somewhat bullish on employment – USD stronger EUR/USD loses support, forms H&S pattern AUD/USD falls from false breakout, still in high range What is priced in? What isn’t and could stir markets? Here is a quick preview: End of QE: Bullard stirred markets by suggesting it should continue, but he is not voting and the Fed is set to end QE3. Here are 5 reasons to dismiss the doubts about the end of QE. At this time, the end of QE is already priced in. If the Fed continues QE, the dollar is set to free-fall. Rates: The most important part of the statement refers to rates. The Fed repeated its stance that rates are set to remain low for a considerable time after QE ends. Naturally, with the end of QE, this phrase will have to be altered. The expectations stand on the smallest possible change: just leaving it at “a considerable time” and keep markets guessing / following economic data. If the phrase is removed (very unlikely), the dollar will surge. Employment: The Fed sees a “significant underutilization” of the labor market. This dovish statement could change as NFP, JOLTs and jobless claims have all been very impressive. So, there is a better chance of a more hawkish stance on employment. If this phrase is left unchanged, the dollar is set to significantly fall, and if it is removed, it is set to slightly advance. Inflation: The second mandate of the Fed is worrying, with inflation expectations falling. Here, some expect the Fed express move worries, while others expect no change. So, there is a better chance of a more dovish stance on inflation. More worries would be slightly dollar negative, and leaving the current stance unchanged would be dollar positive. Follow a live coverage of the Fed decision with Valeria Bednarik and myself here: Live streaming video by Ustream More: EUR/USD: Is a Dovish FOMC Already Priced In? – BTMU Did US Treasury Secretary Lew hint of a strong GDP number Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next NZD/USD drops below 0.78 as RBNZ signals end of Yohay Elam 8 years The Fed is expected to end 6 years of Quantitative Easing and that's enough to make this Fed decision a major market mover after a period of relative calm. Apart from the historic move, there are three other things to watch out for: guidance on rates, the assessment of employment and the assessment of inflation. Update: QE Ends - Fed somewhat bullish on employment - USD stronger EUR/USD loses support, forms H&S pattern AUD/USD falls from false breakout, still in high range What is priced in? What isn't and could stir markets? Here is a quick preview: End of QE:… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.