Volatility during the last two days had not been as astonishing as how everybody had anticipated it to be for today’s evening, when some important questions will be answered. Traders will find out about possible cuts in the QEIII program, and will be looking for any hint of a forward guidance about the monetary policy in the US. This recent event is considered to be very important, and has overshadowed everything else; including the Syrian conflict or the data from the Eurozone.
In the anticipation for the FOMC report, the price is relatively high and still above the weekend bullish gap that is still open, which seems rather unusual as gaps are likely to be closed very quickly.
Most traders are currently hoping that QEIII will be cut by 10mld USD. The biggest question is: “What will they be selling after we find out about the FOMC statement?”
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The Day Has Come For FOMC
Published 09/18/2013, 07:11 AM
Updated 01/31/2022, 02:45 AM
The Day Has Come For FOMC
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