Forex: How will the AUD/USD and Dow to React to Key Fed Decision?
Most of the 'positive' developments from major event risk these past months have afforded the Forex and capital markets little more than 'relief'. The opportunity for a serious speculative drive has remained elusive...until today. The upcoming Fed rate decision offers long-risk traders one of the few opportunities to build up on risk we have seen since the introduction to QE3. In today's video, we discuss the scenarios heading into the Fed decision along with ideal trade setups for the different outcomes. Furthermore, we also look at the build up and reaction to the last stimulus announcement (QE3)...and, that impact was not very favorable for bulls.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.