Day: June 29, 2006

FOMC Rate Decision

Today on 19:15 GMT the FOMC decision on interest rate change will be released. While the rate certainly will be raised by 0.25% today, it is also very important what comments will follow today’s rate decision. Anyway, I expect a very volatile market around the time of FOMC meeting, it will be a good idea to place stop orders on the range breakout borders for EUR/USD and wait for some panic:-)