TRADING SIGNALS: THE FEDS' DECISION ON THE INTEREST RATE
July 27 is the day of an important economical event — the meeting of the Federal Reserve System of the USA. The decision on the interest rates will define the further course of the market and that is exactly what traders are looking out for.
What will be the focus this time, our expert comments:
The Feds may rise the interest rate by 0.75% and will point out the neccessity of further increase at the next meetings this year due to strong inflation, which is now at a 40-year high in the US. On Wednesday consider selling EURUSD, AUDUSD, #SP500, #NQ100.
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