Webinar: FOMC Preview- USD Majors in the Crosshairs Ahead of Yellen

Talking Points

• Fed hike priced in- focus is on 2017 interest rate outlook
• Updated targets & invalidation levels on USD crosses
• Live Weekly Trading Webinars on Mondays on DailyFX at 13:30 GMT (8:30ET)

The FOMC interest rate decision is on tap this Wednesday with the central bank widely expected to hike by 25bps. The dollar crosses remain in focus heading into the release with the DXY responding to initial resistance at 101.69/75 early in the week. Key technical setups discussed on DXY, USDOLLAR, GBPUSD, EURUSD, AUDUSD, USDJPY, GBPJPY, EURAUD, USDCAD, Crude Oil, Gold and Silver. (Apologies for the audio issue today)

Relevant Data Releases

Other Setups in Play:

• GBP/USD Weakness to Be Viewed as Opportunity
• EUR/USD Volatility Ahead- Relief Rally Looks to ECB for Fuel
• EUR/AUD Approaching Decision Zone Ahead of Aussie GDP, ECB
• AUD/USD Recovery Hinges on RBA, 3Q GDP; Rally at Risk Sub-7600

Looking for more trade ideas? Review DailyFX’s 2016 4Q Projections

---Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michaelon Twitter @MBForex contact him at mboutros@dailyfx.com or Click Here to be added to his email distribution list.