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January 31, 2017

FXGiants, Volatility Alert - FOMC Policy Decision on February 1st "No Policies to be Changed?"

FOMC policy decision Tomorrow, February 1st in 2017.

If you are trading through tomorrow the 1st of February, you may want to know that there will be a FOMC meeting scheduled.

Although the market is currently quiet, and majority of investors may be expecting no policies to be changed, still extra cautious on the matter is recommended as always.

Here is the expectation by FXGiants, an Online Forex & CFD broker in UK, regarding to the FOMC meeting tomorrow.

The forecast is for the Committee to keep policy unchanged, something overwhelmingly supported by market pricing.

No updated economic forecasts or a press conference by Chair Yellen. Thus, market action will probably come from the phrasing of the accompanying statement.

Considering that there has been further economic progress since the latest gathering, we believe that the overall tone of the statement is likely to be quite optimistic.

You can find out more of professional market analyses by FXGiants in their Official Website.

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