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Forex Strategy Video: FOMC Strategy for the Dollar and Financial Markets

Forex Strategy Video: FOMC Strategy for the Dollar and Financial Markets

John Kicklighter, Chief Strategist

Talking Points:

• The Fed's quarterly rate decision with updated forecasts and Yellen press conference is due today

• A 9-week USDollar rally seems a full adjustment to a hawkish shift in tone, but markets are far from ready

• We look at the scenarios for the dollar-based majors and broader capital markets for this critical event

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The Federal Reserve is set to rock the FX majors and broader financial markets Wednesday. It is generally agreed that the scope of this event risk is substantial as market participants feel increasingly exposed with benchmarks like the S&P 500 at record highs while growth and future expected returns moderate from their already-slacking pace. Yet, there is wide disparity in what traders believe is priced in and what constitutes a 'bullish' or 'hawkish' outcome. In today's Strategy Video, we discuss the importance of the FOMC rate decision, the different potential scenarios and what pairs I prefer for different outcomes. Sign up for John’s email distribution list, here.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.