Top Trade Idea For January 28th, 2015 – USD/JPY
By Matthew Weller of FOREX.com
The sun rises on a new trading day, and traders rolled out of bed particularly eagerly today in anticipation of the Fed’s monetary policy announcement. With a staggering number of central banks across the world turning more dovish over the past two weeks, traders are starting to wonder if the Fed can maintain its moderately hawkish posture. On one hand, economic data (particularly when it comes to the labor market) has been relatively solid of late, but on the other hand, there lack of any inflationary pressures and the economic slowdown overseas could cause the central bank to lean more toward leaving policy unchanged and reevaluating in March.
Full Article and Trade Details Here
By Matthew Weller of FOREX.com
The sun rises on a new trading day, and traders rolled out of bed particularly eagerly today in anticipation of the Fed’s monetary policy announcement. With a staggering number of central banks across the world turning more dovish over the past two weeks, traders are starting to wonder if the Fed can maintain its moderately hawkish posture. On one hand, economic data (particularly when it comes to the labor market) has been relatively solid of late, but on the other hand, there lack of any inflationary pressures and the economic slowdown overseas could cause the central bank to lean more toward leaving policy unchanged and reevaluating in March.
Full Article and Trade Details Here