Open trading account 
Hi traders,
Yesterday, I gave a detailed analysis of upcoming FOMC meeting minutes.
Link - https://www.dukascopy.com/tradercontest/?action=post-read&post_id=132075
We are now - just 13 hours away from FOMC meeting minutes !!
Now, how do we traders prepare for this event.
I will give you a alternative view from betting markets ( which are based on moving odds).
Right now - Betting markets are offering these odds for upcoming FOMC Meeting Minutes-
I will show how to get the approximate probabilities (in percentage) from these betting odds -
Probability of rate hike in March Fed meeting = 34%
Probability of no rate hike in March Fed meeting = 69%
Probability of rate cut in March Fed meeting = 3%
You will notice that 34+69+3 exceeds more than 100.
That is done on purpose to account for juice/vigor by betting companies - it is to balance their odds.
That's all for now.
More analysis in next blog post.
Yesterday, I gave a detailed analysis of upcoming FOMC meeting minutes.
Link - https://www.dukascopy.com/tradercontest/?action=post-read&post_id=132075
We are now - just 13 hours away from FOMC meeting minutes !!
Now, how do we traders prepare for this event.
I will give you a alternative view from betting markets ( which are based on moving odds).
Right now - Betting markets are offering these odds for upcoming FOMC Meeting Minutes-
I will show how to get the approximate probabilities (in percentage) from these betting odds -
Probability of rate hike in March Fed meeting = 34%
Probability of no rate hike in March Fed meeting = 69%
Probability of rate cut in March Fed meeting = 3%
You will notice that 34+69+3 exceeds more than 100.
That is done on purpose to account for juice/vigor by betting companies - it is to balance their odds.
That's all for now.
More analysis in next blog post.
