the FOMC (Federal Open Market Committee) holds eight regularly scheduled meetings during the year and announces US Federal Reserve’s decision on interest rates.
The next Fed interest rate decision announcement is scheduled on November 8th at 7pm GMT and is likely to cause high volatility on market.
Leading FreshForex analyst has commented on it as follows:
“Interest rate is likely to remain unchanged — Chicago Stock Exchange predicts 100% probability of such an outcome. This exchange has never been wrong before! This is a positive signal for American stock market, so on Thursday consider buying #SP500, #Google, #DJI30.”
Prepare for volatile market in advance and double your deposit before Fed release!