FOMC is coming up!
I hope that you didn’t forget today’s FOMC Meeting! At 18:00 h (GMT) in about 1 hour, the FED will anounce Interest Rate Decision and is there any changes in their monetary policy. What could we expect? Well, I have already wrote my oppinion before last meeting, that I don’t expect any changes, not until the end of the year 2015. and maybe latter. But, my oppinion it’s not important at all and we should wait to see, what will be FED’s decison today. On the last meeting in March, the Central Bank decided to remove the world ‘patient’, but at the same time added that raising interest rates remains unlikely at the April FOMC meeting. They were not so optimistic about growth, and expressed concerns about a strong US dollar. With rates on hold and possible dovish statement from FED, we could see a further weaknes of the US dollar and aditional boost for the ‘opponents’. Be careful traders!