FOMC Announcement - Drop Rates to Zero?

Posted by Jerry Furst Published in Aussie, Canadian, Fundamental Analysis, News: Scheduled and Breaking, Technical Analysis, charts, economic calendar, fomc, interest rates, webinar

By Jerry Furst- Sr Analyst “1st on Forex”

at Investors Education Network.com

Bens Last Hurrah?

After Tuesday’s meeting - The next scheduled FOMC meeting is January 28, will there be a new Fed Chairman at the helm, or will Bernanke be held over? Will there be any more rate cuts available at that time? There are expectations that rates could be lowered to 0.25% - making the US rates even lower than Japan.

The Dollar Continues to Give Up Ground

USD-CAD 30 Min Chart - (Click To Enlarge)

Shows continuing downslide after Triangle Break last week.

AUD-USD 30 Minute Chart (Click to Enlarge)

Continuing Up Trend Channel

*** Attend A Free Live Market Coverage and Technical Analysis Webinars ***

FOMC Live Webinar Tue December 16 - Click Here to Register

The “1st on Forex” Week Ahead Condensed Economic Calendar- Click Here

Jerry Furst is an active trader, educator, and Founder of Investors Education Network (IEN), He is a Mentor and Trading Coach to Select Clients Click Here for a Free Self Evaluation Survey.