Hot Forex Signal (wed, June 23, 14:15 Est) Us Interest Rate Statement

On Wednesday, June 23rd (14:15 New York Time) we will have US Interest Rate Statement coming out

. It is expected that they will leave the rate unchanged at 0.25. Last month they did the same thing. I don't expect any trade here so 99% chance, in my opinion, it will be a no trade.

The trigger for this indicator is 0.25. This means that if the US Interest Rate comes out at 0.50 or higher, USD/JPY will probably go up by 100 pips or more in the first 45 minutes of the report. If it comes out at 0, USD/JPY will probably go down by 100 pips or more in the first 45 minutes of the report although a cut is virtually impossible. If you miss the initial spike, don't worry, you can still make money on the after-spike move.

For example: on April 29th 2009, US Interest Rate came out at 0.25, versus an expectation of possible cut to 0%. It was a great money making opportunity.

It is best to see for yourself the history of this report and the charts of how it affected the USD/JPY and other currencies. This way, you may possibly come up with even a better trading strategy than I am suggesting to you in this signal.

I don't think we will have a trade here, however. There is no room for cuts, and I don't think U.S. is ready for rate hikes yet. No trade for me.

I hope you make some money on this report

You can get more forex signals here : Forex Signals Every Day

by: nathlqvqga

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