05 July 2017
On July 5 tonight Federal Reserve System of the USA is releasing record of its meeting. We asked a senior analyst of FreshForex Catherine Main comment on this important economic event:
"FRS is expected to state that next raise of the discount rate will be undertaken if macroeconomic statistics is strong enough. Since inflation is falling and in May [ersonal consumption expenditures price index dropped to its 17 months' Low, we have almost zero chances that the rate will be raised this Summer and Fall. Taking these facts into account, the following trades are preferred: Buy positions on EUR/USD, GBP/USD and Sell positions on USD/TRY, USD/CNH."
Get prepared to market movements beforehand and double your deposit prior to release of FED's meeting record!
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Good luck in trading!
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