11:15 AM PST Interest Rate Announcement | Forex Factory

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11:15 AM PST Interest Rate Announcement

  • #1
  • First Post: Oct 25, 2006 11:41am Oct 25, 2006 11:41am
Here's a 4 hour chart of the USD/CHF. Looks like a good six point setup. Which way will it go? Well, we certainly know the USD/CHF will break in the same direction as the USD/JPY, and opposite the EUR/USD and GBP/USD. That's always the case.

http://c.myspace.com/Groups/00017/32/50/17790523_l.jpg

All these pairs are flat right now... waiting for the 11 AM interest rate announcement. If you have a demo account, you might try grabbing a few quick pips off this expected move.

Everyone knows the interest rate will remain unchanged, so this probably won't be too big of a move, but some people do very well trading on these new announcements. Give it a try if you're aorund.
  • #2
  • Oct 25, 2006 11:48am Oct 25, 2006 11:48am
Quoting zozem
Here's a 4 hour chart of the USD/CHF. Looks like a good six point setup. Which way will it go? Well, we certainly know the USD/CHF will break in the same direction as the USD/JPY, and opposite the EUR/USD and GBP/USD. That's always the case.

http://c.myspace.com/Groups/00017/32/50/17790523_l.jpg

All these pairs are flat right now... waiting for the 11 AM interest rate announcement. If you have a demo account, you might try grabbing a few quick pips off this expected move.

Everyone knows the interest rate will remain unchanged, so this probably won't be too big of a move, but some people do very well trading on these new announcements. Give it a try if you're aorund.
Everyone knows? What if you're wrong? Be careful saying, "Always the case" and "everyone knows"...

I make money off of the fact that "everyone [supposedly] knows"...
Mr. Trend
  • #3
  • Oct 25, 2006 11:56am Oct 25, 2006 11:56am
Quoting Mr Trend
Everyone knows? What if you're wrong? Be careful saying, "Always the case" and "everyone knows"...

I make money off of the fact that "everyone [supposedly] knows"...
Good point! I should say... "everyone expects..."
  • #4
  • Last Post: Oct 25, 2006 1:48pm Oct 25, 2006 1:48pm
As was stated above, the Interest Rate statement came and went. I did actually manage to pick up a quick 36 pips. 21 on the way up and another 15 on the retraction. Oh, that's EUR/USD that is!!

BTW, this was done on my DEMO account. I wouldn't have touched this with a 10 foot pole on my live account! I guess I'm a chicken? Well, still too much of a "newbie"! But was fun while it lasted!! A good learning experience.
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