Yesterday, USD weakened against most major currencies except EUR, NZD and CHF.

The U.S. FOMC will be announcing their monetary policy decision tomorrow at 0300 (GMT+8). It is expected that the central bank will keep interest rate unchanged at the targeted range of 0-0.25% and make no change to quantitative easing tapering. Nonetheless, pay attention to any details provided on the timeline of interest rate hike and the unloading of bond holdings from the Fed.
A press conference will be held at 0330 (GMT+8). During this time, volatility is expected.

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By Jin Dao Tai

JinDao Tai is an Entrepreneur, Award-Winning Forex Coach & Trainer, International Speaker and Multi-Million Dollar Trader. Starting out his career as an economic & financial consultant in Australia, one day he decided to change his life and pivoted into multiple entrepreneurship endeavours and eventually into managing a multi-million dollar portfolio.

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