Market Forecast Ahead Of Fed’s Meeting !

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The Federal Reserve will announce its monetary policy decision and publish data on its economic projections today at 18:00 GMT.

The Fed is expected to keep interests rate on hold, also the central bank will also release its latest forecasts for economic growth, the report will give us further indications on the possible time of next rate hike as well as the strength of the U.S economy.

How to trade the next Fed’s meeting ?!

For EURUSD, GBPUSD, AUDUSD, NZDUSD, GBPJPY, and XAUUSD ; selling on rebound is recommended…

For USDJPY, USDCHF, USDCAD, EURGBP, EURJPY, WTI, Dow Jones, S&P500, and Nikkei225, buying on dips is recommended…

Note that USDCHF pair is bullish with risk to the 0.9922 levels ahead of the 1.0002 levels, support comes at the 0.9866 levels ahead of the 0.9818 levels…

For other pairs, back to our daily forecasts….

usdchf-daily-forecast-oct-12-2016

MARKET DATA

UPCOMING ECONOMIC EVENTS