14 March 2017
the FOMC (Federal Open Market Committee) holds eight regularly scheduled meetings during the year and announces US Federal Reserve’s decision on interest rates. The next Fed interest rate decision announcment is scheduled on this Wednesday, on March 15th at 6 p.m. GMT and is likely to cause high volatility on market.
Leading FreshForex analyst Catherine Main has commented on rate hike possibility as follows:
“Fed Funds Futures show 93% probability of a 0.25% rate hike on the March 15 meeting. FOMC may actually raise interest rate, as US inflation is growing. Positive NFP release published on March 10th indicates that inflation will continue to grow in the second quarter. Rate hike will have a positive impact on dollar quotes.
Trading forecast: EUR/USD, GBP/USD quotes decrease and USD/CAD, USD/TRY quotes increase may be expected.”
Do not miss a great opportunity to earn on the key event of the month together with FreshForex!
Good luck in trading!
FreshForex — fresh view on money!