FOMC Trading Opportunities
We would like to remind you about the key financial event of the year- FOMC meeting at 19:00 GMT.
The Federal Reserve’s Open Market Committee (FOMC) is meeting TODAY for the final time this year. Economists are expecting first interest rate hike since 2006.
Please note, that higher interest rates will have far-reaching implications for every corner of the world economy. Today is a unique trading opportunity and all financial products will be impacted.
According to the chairman of Roubini Global Economics: ‘The increase of interest rates in the USA will lead to further US dollar appreciation that tends to reduce the dollar price of commodities. It will trigger some economic and financial volatility in emerging markets that may be a negative for commodity prices. It will lead to a rise in the dollar cost of borrowing that tends to weaken commodities that are financialized’.
High volatility is expected today!
Please do not hesitate to contact us, should you require further information about today’s FOMC, funding your account, trading strategies and general support.
The Atiora Team