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It will be all about the FOMC next week. While there are some smaller events, the key will be the Federal Reserve Thursday monetary policy meeting. Currently the odds are stacked against a rate rise. Goldman says NO to September, maybe for December. There is a possibility for some hawkish comments.
But given the price action last week, and the weak performance of the Dollar, my bet would be on NO rate rise and no major change in rhetoric that would give away the first rise. But even if things stay the same, expect a LOT of volatility heading into this meeting, more then usual. This should provide us with some nice trading opportunities.
The FOMC rate decision, along with the Statement and their Economic Projections, will be released at 8 PM CET or 2 PM EST for Americans on the East Coast.
Good luck in the coming week!
But given the price action last week, and the weak performance of the Dollar, my bet would be on NO rate rise and no major change in rhetoric that would give away the first rise. But even if things stay the same, expect a LOT of volatility heading into this meeting, more then usual. This should provide us with some nice trading opportunities.
The FOMC rate decision, along with the Statement and their Economic Projections, will be released at 8 PM CET or 2 PM EST for Americans on the East Coast.
Good luck in the coming week!
