FOMC is Coming! | Day Traders FX
And it’s likely to be a big one this time around.
The FOMC is famous for “kicking the can down the road” as the constantly say “nothing” during these meetings. But this time could be different, we are looking for information about the number and frequency of rate hikes in the near future as well as the massive possibility that they start to sell off assets and reduce their balance sheet. Unloading assets purchased during 2008-2010 will be a big deal, it could flood the market a bit causing some big volatility.
Here’s a video I made about this, have a look….