14 June 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 announcement is scheduled on this Wednesday, on June 14, 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:
“Chicago futures market estimates the probability of a rate hike by 92%. Traders are already prepared for this and currently we have further FOMC actions on the agenda. As inflation in US is slowing down, Fed won't rush with another rate hike at two future meetings. For this reason one may consider entering long on EUR/USD, GBP/USD and short on USD/TRY, USD/CNH.“
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