I’m still pretty new to forex trading but I’ve seen a few buy the rumour sell the news events. If the fed hikes rates in December with their more than 90% probability in the Fedwatch will the dollar continue to gain on other currencies? Or will it immediately be dumped off since everyone was anticipating it?
Hello JasonAthonyG,
A month left until the FOMC meeting on December 14, and until then, the U.S. dollar will be driven mainly by political events! Traders should be very careful of their positions ahead of market-driver and determinable events especially if you are new to forex.