Today at 2:15pm EST, the FOMC meeting can be seen live at this link: http://www.ustream.tv/federalreserve
December is known as a slow month for volatility, but before the year-end the Forex market has a lot of news to swallow, which could lead to drastic volatility in the market.
Between the upcoming Fiscal Cliff conclusions, EU leader’s summit, Japan’s election (watch out!), and today’s FOMC meeting, the market has a lot of volatile potential and projections.
Many expect to see more quantitative easing announced today. Bernanke will also give an economic forecast for the near future.
With pressure to take fiscal measure in result of the fiscal cliff, it’s likely that significant market moving news will be released at the meeting.
This is the last FOMC meeting of 2012. These final words of the year will carry a lot of weight for economists and traders, especially because of the current fiscal predicament America has found itself in.
A little later today, we will release an update on what the announce contained. This is big time! As always, be careful with your trading, especially any short-term scalping.
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