Gearing up for the FED
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Last updated: Wednesday, April 27, 2016
The monthly FED FOMC meeting is scheduled for today at 18:00 GMT. As we said on the daily blog article yesterday, the FED are broadly exüected to hold still this time. No one expects them to hike interest rates today and the miss in the durable goods orders yesterday reinforced this scenario. Yet, the market is kinda nervous, you can feel it, neither the buyers nor the sellers have the guts to push the price in their direction. I guess they´re just staying on the sidelines just in case there are any surprises.
USD/JPY has been trading sideways in the last two days in expectation of the FED and BOJ meetings
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ABOUT THE AUTHOR
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
