AdamFx42のブログ

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Interesting week for USD coming

This next week should provide some interesting opportunities
Especially UsdJpy and Usd crosses look interesting
as FED interest rate decision is scheduled for Wednesday afternoon
Most banks and traders expect a rate hike this month, and maybe another in June
But the rate hike for this month seems a certainty now after Friday's NFP numbers
Economics are strong in the US and a rate hike should provide stimulus to the economy
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Difficult to find last minute entry points long USD

I will be trying to find a good spot to go long Usd before the rate rise today
It will be important to read the market mechanics well today
to see if there are more traders coming in long Usd before the Fed interest rate decision
The technicals call for Usd/Jpy taking out previous highs above 125
This is the US does indeed raise the rate and indicates another rise early next year
I must remind everyone - the rise is no certainty - trade with caution
I will be looking for some surprise in Eur - a…
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