Forex Trading Analysis 21 September 2016
Now we are getting close to FOMC Press Conference on September 2016 and i'm sure many traders have been making their trading positions already. First of all, we need to know the situation and condition for the market.
So, what do you expect for the next rate decision? Will FED raise it?
Ok so lemme tell you my view to begin with. Oil is getting lower and lower currently and thus CPI will not be too good in near term. And the last data from GDP is 1,2% with 1,1% inflation.
1,2% - 1,1% = 0,1%
0,1% growth will not allow you to raise rate at all. If they did it, it will only to protect their credibility.
There are 2 way you can use to trade this:
1. Wait until the rate decision and trade according to the decision. If they raise rate then buy USD and if they fail to raise it then sell USD.
2. If you believe my short calculation above (since i don't have time to post the big view and explanation) then just try to buy XAU/USD (Gold) pair from now and even XAG/USD (Silver) pair from now
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