Julie Sinha reviews the moves of EUR/USD on Forex TV. Traders are cautious towards the FOMC decision. This is causing choppy trading throughout the day. Sinha quotes one analyst that even says it’s “suicidal” to trade the markets before the statement is released to the public. Are you trading the decision? Or waiting for the markets to calm down? Enjoy the video!
Sinha also discusses the moves in forex after President Obama’s speech.
Any clues about the US economy, which are expected to be slightly better than last time, will help the dollar. Will the central bank comment about inflation? Any mention of a pickup in prices will boost the dollar, although inflation seems to be more prominent in Europe and in the Asia, rather than North America.
Here’s the FOMC Preview – more details can be found there about the background and the possible outcomes.