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Forex Signal (Wed, June 23, 14:15 EST) US Interest Rate Statement

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Jun 22, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there :)

    On Wednesday, June 23rd (14:15 New York Time) we will have US Interest Rate Statement coming out. It is expected that they will leave the rate unchanged at 0.25. Last month they did the same thing. I don't expect any trade here so 99% chance, in my opinion, it will be a no trade.

    Please read what this indicator means and how it affects the US dollar by going to this link: http://www.forexpeacearmy.com/forex...riptions/7376-us-interest-rate-statement.html

    The trigger for this indicator is 0.25. This means that if the US Interest Rate comes out at 0.50 or higher, USD/JPY will probably go up by 100 pips or more in the first 45 minutes of the report. If it comes out at 0, USD/JPY will probably go down by 100 pips or more in the first 45 minutes of the report although a cut is virtually impossible. If you miss the initial spike, don't worry, you can still make money on the after-spike move. Click here to read my after-spike retracement strategy for this report: http://www.forexpeacearmy.com/forex...atement-after-spike-retracement-strategy.html

    For example: on April 29th 2009, US Interest Rate came out at 0.25, versus an expectation of possible cut to 0%. It was a great money making opportunity. See for yourself what happened on this chart: Forex news trading currency exchange charts

    It is best to see for yourself the history of this report and the charts of how it affected the USD/JPY and other currencies. This way, you may possibly come up with even a better trading strategy than I am suggesting to you in this signal. Here is the link for that: Forex News Trading | Details and History for USD Interest Rate Statement

    I don't think we will have a trade here, however. There is no room for cuts, and I don't think U.S. is ready for rate hikes yet. No trade for me.

    I hope you make some money on this report
    -Crazy Cat
     
    #1 Crazy Cat, Jun 22, 2010
    Lasted edited by : Sep 8, 2016

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