Forex Daily Technical Report Huge Day for Dollar, Focus on FOMC and Q3 GDP It's a huge day for the greenback with FOMC rate decision and statement catching the highest attention of all markets. Interest rates futures are pricing in over a 90% odd of a 25bps cut today to bring the federal funds rate from a slightly restrictive 4.75% to a more neutral 4.50%. The discount rate is expected to be unchanged as borrowing at the discount window has been spare, indicating weak demand for emergency
Author:
Time:
Wednesday, October 31st, 2007 at 8:55 am
Comments:
You can leave a response, or trackback from your own site.
RSS:
You can follow any responses to this entry through the RSS 2.0 feed.
Navigation:
