The main agenda of today is FED Rate Hike decision, forward interest rate forecasts of the members and Yellen’s press conference. It is obvious that President Yellen, whose term expires in February next year, wants to withdraw from her job by raising interest rates in December and taking the S & P 500’s foam and giving life to the low level of volatility (VIX). However, in order to be able to do this, the unpublished September core inflation rate needs to accelerate. We believe that Yellen, who is not in possession of this data, will be unable to signal the interest rate increase in December.READ MORE

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Source: http://www.fxters.com/eurusd-forecast-technical-analysis-september-20th/

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