United States Federal Funds Rate December 15 2021

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    What does the data mean to the market?

    Federal Open Market Committee (FOMC) members vote on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.

    A higher than expected rate is positive/bullish for the USD, while a lower than expected rate is negative/bearish for the USD.

    Historic deviations and their outcome

    https://calendarapi.galaxysoftwareinc.com/l/aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jYWxlbmRhcjtuYmM9VVM7bm49RmVkJTIwSW50ZXJlc3QlMjBSYXRlJTIwRGVjaXNpb24

    I will use forecasts of:

    FOMC Interest Rate Decision - Max 0.25

    Today's trade plan

    If we see a change to the rate today of 0.25 in either direction I will take a trade and expect to see a sustained move for some time.

    Tradable pairs

    EURUSD

    GBPUSD

    USDJPY

    Hope this helps but please do your own analysis!!

    Good luck!!

    James Thatcher

    Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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