FOMC Int Rate Decision - Potential SHORT on USD/CHF
Bloomberg stated that 1/3 of investors are expecting announcement of 4 rate hikes instead of 3 for the upcoming year.
Therefore, markets may be a bit overpriced, in the case of 3 hikers.
IF only 3 rates hikes are announced, we can expect a bearish US dollar. Trend confirmed when price will break the channel, multiple strong supports to watch for, depending on fundamentals over the next few days.
Therefore, markets may be a bit overpriced, in the case of 3 hikers.
IF only 3 rates hikes are announced, we can expect a bearish US dollar. Trend confirmed when price will break the channel, multiple strong supports to watch for, depending on fundamentals over the next few days.