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  1. #1
    Specialist Member marvel's Avatar

    Hot FED Interest Rate Decision in 30 minutes! Ready for greatest Volatility of the Month! !!!

    FED Rate Decision is few minutes away. It will produce nice volatility even if the rate remains unchanged. 30 minutes after the Rate Announcement will be even more important data – Ben Bernanke speech and press conference. I will wait to see the initial reaction and than will trade preferably with calls, because it seems that all the markets are positive and the US dollar index will fall. What are your trading ideas guys? Do you think that the dollar will devaluated after the data release?

  2. #2
    Veteran Member hchandra's Avatar
    Hard to guess, US dollar index currently at important level,
    weekly trend still up with higher high and higher low created, I think waiting after news release will be good idea for now,
    If tapering happen this month then this is nice play to buy Dollar, if not then there was 1 more stronger level at 80.50.
    I favor Put / short after a shot up in dollar pair such as EUR/USD, GBP/USD but will change outlook depend on the result

    Update: Seems the result is no tapering this month
    Last edited by hchandra; 09-18-2013 at 06:06 PM.

  3. #3
    Master Member vinayakm's Avatar
    The USD and the S&P 500 jumped for those few moments when the Fed announced that tapering was off.

    Indeed, the S&P 500 and the Russell 3000 surged to a record high!

  4. #4
    Master Member vinayakm's Avatar
    I am still looking through the various releases. Still wondering how to proceed with trading binary options after this. Any ideas?

  5. #5
    Veteran Member hchandra's Avatar
    Quote Originally Posted by vinayakm View Post
    I am still looking through the various releases. Still wondering how to proceed with trading binary options after this. Any ideas?
    IMO, wait for clear cloud, bull train already take off, correction is good for Call later, at least if no change in Fed tone.

  6. #6
    Specialist Member LesterK's Avatar
    Short term all the market moves are dominated by the FED decision to not change the bond buying program! I think it will be important factor for the currency trading not only for tomorrow but for a week ahead.

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