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Hi traders,
Right now - EURUSD is below 1.06.
This shows dollar is strong ahead of this Fed meeting minutes.
Federal Reserve policy meeting will be released on 22-02-2017 (Wednesday) i.e tomorrow.
Market will take clues on Fed's possible move on upcoming 15th March interest rate decision meeting.
So, will Fed hold the interest rate or raise ??
Yellen said delaying rate increases could leave the Fed's policy making committee behind the curve.
If so, it will eventually lead it to hike rates quickly, which she said could cause a recession.
But, on the other hand, FedWatch tool still shows 77.9 percent probability of the rate remaining unchanged on March 15.
Interest rate decision still could go two ways !!
That's all for now.
More analysis in next blog post.
Right now - EURUSD is below 1.06.
This shows dollar is strong ahead of this Fed meeting minutes.
Federal Reserve policy meeting will be released on 22-02-2017 (Wednesday) i.e tomorrow.
Market will take clues on Fed's possible move on upcoming 15th March interest rate decision meeting.
So, will Fed hold the interest rate or raise ??
Yellen said delaying rate increases could leave the Fed's policy making committee behind the curve.
If so, it will eventually lead it to hike rates quickly, which she said could cause a recession.
But, on the other hand, FedWatch tool still shows 77.9 percent probability of the rate remaining unchanged on March 15.
Interest rate decision still could go two ways !!
That's all for now.
More analysis in next blog post.
