The US Federal Reserve System is going to raise the interest rate; it may happen as early as tomorrow. The declaration will be made February the 1st at 19:00 GMT. Take the chance to change your potential earnings by using high market volatility.
|19:00||USD||US FED rate decision||0.75%||0.75%|
If the rate is raised or the FED officials at least give an allusion to the fact that it will be raised soon, the EURUSD currency pair will undergo strong pressure and may move about 100 points (1000 pips at the quoting accuracy of 0.00001).
- Let us assume the forecast is confirmed and the pair moved 100 points. To open a 1 lot EURUSD position you will require $535: 100 000 (standard contract size) x 1 lot / 200 (leverage)* = 500 EUR x 1.07 (the EURUSD current quote) = $535;
- A 1 lot position may give $1 000: 0.00001 (quoting accuracy) x 100 000 (standard contract size) x 1 000 (growth potential) = $1 000.
Thus, a 5 lot position may give the profit of $5 000 with $2 675 of invested funds. It is noted however that this potential profit is calculated based on specific assumptions/projections. Should these change, the results would be different. Read full Risk Warning of Alfa-Forex here.
You are supposed to create a trading account (if you have none) in the Personal area, download a trading platform and open a position. For more details contact your personal manager by dialing 7 495 785-96-69 (ext. 1).
*For deposits below $50 000. Margin requirements