Today the most interesting and worrying piece of news is Fed decision on interest rates for USD. There is little talk about anything else, so we are going to talk about it as well.
Interest rates for the major currencies were keeping us awake at night last week. And no matter how much we were tired from this kind of information, we have to be prepared for what is coming today. And today, as I have already said, we are getting reports on the future of USD interest rates. And here is the reaction of the chart to this kind of news.
As you can see, traders and investors are doubting the power of USD for the moment, even though just yesterday the greenback was very much growing. Do traders really fear that interest rates are going to be increased? Well, according to all the possible predictions, they are going to stay the same, so we have absolutely nothing to fear. Of course, there is always the risk of prediction being wrong and the markets falling after that, but now we have to fully give ourselves into the chart’s mercy.
If we are going to keep on with the falling USD, then we have to understand that EUR and GBP can grow, so we have to be on the lookout. And what better tool to help us with that than trading signals?