AdamFx42's Blog

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FOMC meeting coming up today

It could be an important day for traders as the FOMC meeting today will show US economic direction
Traders all over the world anxiously await today's FOMC in anticipation of the speakers;
traders are looking for bullish or bearish comments regarding US economy
Up to now US has indicated to wait until September to start raising rates
and to wait until then to see how current economic recovery holds up
Two major speakers today are expected to be hawkish and a dovish ones,
this could lead to big sw…
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Summing up my outlook for the coming week

Here is my take on events to come this week
First the Greek problem:
I believe the deal will be made - Greece has too much to lose by leaving the EU
and Germany will avoid the Grexit at large cost.
This means that the relief rally will come and Eur/Usd will probably reach 1.15 next week.
Secondly the FOMC meetings on Tuesday and Wednesday:
US has already indicated that it is not ready to raise rates yet,
they should stand by this point and a rate hike will have to wait until September
This means…
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Market seems dead just before taper Decision

Just before the taper/no taper decision tomorrow by the FOMC the market seems dead
Traders are, as usual before big decisions, uncertain of what to do - and therefore do nothing
Either selling or buying a pair just before a major swing in the markets caused by a economic decision could
destroy your position, right
There are a couple of possible scenario's that are likely to come out the decision tomorrow:
most traders (about 35%) seem to think that there will be no tapering in December, but an a…
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