Is very important to keep an eye on the economic calendar tomorrow because we’ll have major events from United Kingdom but also from US. FOMC Statement, FOMC Economic Projections, Federal Fund Rate, MPC Official Bank Votes are some of the most important events that probably will bring high volatility in the market. The price of the major currency pairs has stagnant this week, we had little changes since last week and I hope that tomorrow will have some important moves, especially on US dollar.
Is there any chance to see a rate hike tomorrow? This is the question that awaits response but I don’t think that the FED will take this decision earlier than this autumn. Any dovish statement from the FED will push the US dollar on slide.