What do you expect from Wednesday FOMC meeting ?
June 16th 2015
All markets attention turns this week to the Fed meeting and the interest rates decision due on tomorrow, with cautious concerns about Greek debt crisis.
In fact, U.S stock futures opened lower on Tuesday trading session, in addition Greece debt crises weigh on market sentiments. Market analysis are expecting that the U.S. central bank is not expected to announce any changes to its monetary policy this week. However it is widely expected that the Fed will hike its interest rates on September. Amid improving economic condition in U.S. Furthermore, traders will keep a close eye on the Fed chair Janet Yellen statements. Also the interest rates hike is dependent on economic data like improvement in employment data.
So if the FOMC decides to raise the interest rates on next September, it will push the Dollar to recover further, while the continued Greece crisis will put the Euro under pressure