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All eyes expecting Fed decision today

30-01-2008 - FS Team  |   General Overview
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EUR/USD (1.4767)

European & US sessions forecast levels: 1.4645/1.4860

Trend Sessions: European – Neutral/Upward

                           US – Neutral/Upward

Market Focus: 8:15 AM ADP Employment, 8:30 AM GDP-Adv, Chain Deflator-Adv., 2:15 PM FOMC policy statement. 

Daily Strategy: It is a key day today for the further trading direction. There are very important events today, as the most important is the expecting Fed decision about the interest rates politic. It is widely expecting new interest rates cut with 50 bps after the interest rates cut of 75 bps 9-days ago. The Fed try to help to the US economy and act very aggressively with the interest rates politic. The dollar is in consolidation ahead the key Fed decision and is expecting dynamic trading today with high volumes.




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