FOMC December 2018
December 20, 3:00 am HKT (14:00, December 19) the FED will probably raise rates and tell us future rate rises will be data dependent. Their language will be scoured for clues.
The data is mixed:
- Non-Farm has been strong
- Housing has been weak.
So, it will be interesting to see what the FED has to say. My view is we’ll see US stocks sell off into Wednesday, Dec 18, mid-day and rally from about 15:00.
I’ll be leaving Sydney on the morning of Dec 20 and will be back in HK by 16:00 HKT. I’ll be off the air until Monday, Dec 24.
The post FOMC December 2018 appeared first on Ray Barros’ Blog for Trading Success.
Source: http://www.tradingsuccess.com/blog/fomc-december-2018-6491.html
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