All Eyes On The Fed
Today, the Federal Reserve’s first policy announcement of 2023 is due (19:00 UTC).
The markets are confident that the Fed will slow the pace of tightening from a 50bp increase to a 25bp rate hike. Given the market’s certitude, there is room for disappointment and thus for volatility in case of a repricing. The focus will also be on the duration of the rate hike regime. The market expects only one more rate hike in March, which would lift the terminal rate to a range of 4.75-5.00 percent. The Fed itself, however, projected a terminal rate range of 5.00-5.25 percent. Volatility lies thus within this disagreement.
Let’s be surprised. We wish you good trades for today!
Daily Forex and DAX Signals:
If you are keen to know where we put Take-Profit and Stop-Loss, if we trade on a specific day or not and how we manage open positions, subscribe to our signals.
We wish you good trades!
Any and all liability of the author is excluded.
Copyright © All Rights Reserved 2023 MaiMarFX.
Follow us on social media: