Today will be a big day for FX trades. Some important decisons and economy numbers will probably move the market.
We have three main currencies today, the GBP, USD and NZD.
I bet that Claimant Count Change will move the market and this nuber will probably be a lower one than the expected. The Avg. Earning Index aseems almost the same like earlier, so the movement will be probably BEARISH.
The Fed Interest Rate Decision is very important. The main problem with it, that the Fed will probably raise the Interest Rate to 1.75% (99% chance), and all traders know it. So what will happen with the USD?
If the Fed somehow let the interest rate @1,50%, this will be a huge surprise. The USD price will fall! If the new Interest rate will be 1,75% the USD will probably become stronger. BUT as I said all traders/investors wait tor this scenerio so there is a chance of low movement. SO, everyone will wait for the Press conference, where we will receive more information about the Decision and the future plans. This will help the investors/traders to decide about the investment values, and that can really move the market for longer term.
My bet is a BULLISH movement for today.
The Reserve Bank of New-Zealand will also decide about the Interest rate. They will probably let the rate @ 1,75%. I think it will only generate a short term movement. My bet is a BEARISH movement.
Many new friends joined us in the last some days and as I said we’ll earn real good profit this week. This movement is started. We can see many signs to trade and I’m sure that these will be comfirmed soon.