hi everybody, this is my first post in this threads and just started to trade this pair recently..so i'm still green..
can I get a suggestion bout what the FOMC will do to this pair? sorry for this noob question..
anyway..nice meeting u allIgnored
the best thing to do is look at all previous FOMC statements, see how they have changed the wording over the last 2-3 years (compare each statement and identify the differences) and see what the reponse is in the markets by looking back over the same 3 years in this pair and the correlated markets such as equities indices, dixy, uCHF, uCAD. Print out 3 years of statements and corresponding charts in all correlated markets.
Also view all of Benny's press conferences since he started doing them.
You are not likely to get a sensible answer here, trading is all about doing your homework, so go do some.
Ah nevermind, just had a look at your trade explorer and you lost 13% of your account today in one trade that set you back 19 pips. Worrying about the FOMC should be the last thing on your mind, learn some of the basic skills first, like risk management.
The great majority are rarely capable of thinking independently.