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Watch for Fireworks on Fed Rate Decision

By , Quantitative Strategist
29 January 2014 16:00 GMT

- Forex markets at critical points following Turkish and South African rate decision

- All eyes turn to the US Federal Reserve for a critical interest rate decision

- Follow all up-to-the-minute updates on our Forex Real Time News Feed

Forex markets have been especially volatile following emerging market interest rate decisions. All eyes turn to the US Federal Reserve for potential fireworks.

Fair Value of S&P 500 Futures See Big Moves on Turkish and South African Rate Decisions

forex_US_Dollar_and_yen_at_critical_points_ahead_of_Fed_body_Picture_5.png, Watch for Fireworks on Fed Rate Decision

Source: FXCM Trading Station Desktop, Prepared by David Rodriguez

Japanese Yen Nears Critical Resistance (USDJPY Support) Ahead of FOMC Decision

forex_US_Dollar_and_yen_at_critical_points_ahead_of_Fed_body_Picture_6.png, Watch for Fireworks on Fed Rate Decision

Source: FXCM Trading Station Desktop, Prepared by David Rodriguez

It will be critical to watch price action into the Fed interest rate decision as it could determine US Dollar and broader financial market price action through the foreseeable future. Follow any updates on the Japanese Yen and other currencies via this author’s e-mail distribution list.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com David specializes in automated trading strategies. Find out more about our automated sentiment-based strategies on DailyFX PLUS.

Contact and follow David via Twitter: https://twitter.com/DRodriguezFX

29 January 2014 16:00 GMT