The FOMC Reports
Reports Being Released: June 20th 2012
[column size=”1-2″ last=”0″ style=”1″] The FOMC (Federal Open Market Committee) will be releasing their Statement and their Projections Wednesday June 20th. Their statement, being released at 12:30pm EST, is their primary item used to communicate the U.S. Monetary policy to investors.
High Volatility is always possible with FOMC statements. With the current European crises, traders will be watching major news as this like hawks! Be vigilant as you carefully observe the fundamentals in Forex. Don’t find yourself out of the “news-loop”.
Don’t disregard fundamental analysis, only paying attention to technical analysis. Both are very critical for accurate overall market examinations. The Projections include what is projected for economic growth, inflation, and interest rates.
The Fed uses this to communicate monetary policy to investors. This information is released four times per year.
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The press conference is scheduled to be held at 2:15pm EST tomorrow (Wednesday). These press conferences are about an hour long and contain two parts. One part is the reading of a prepared statement. Part number two: the conference is open to questions from the press. The second part is where market volatility can shot sky high. If you would like to watch the conference live, go here.
Written By: Tony College
Winner’s Edge Trading, as seen on: