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FOMC - on the Text Watch

Posted on September 23, 2009 at 10:40 in Fundamental Analysis, News: Scheduled and Breaking, Technical Analysis by Jerry Furst

Text Watch from the Fed - Watch Live Webinar Coverage

Ben Bernanke and team are widely expected to leave interest rates unchanged

But the reaction will likely take place about 5 minutes after the text statement is digested.

 

Click Here to Register for Live Webinar Coverage

 

This comes a week after Bernanke went out on the limb by stating that the recession in the US is probably over and that we have seen the bottom. He then heads out to Pittsburgh for the G20 meeting

 

Triangle and Inverse Head and Shoulders on the Aussie – Yen

 Triangle and INverse Head and Shoulder

Sept 22, 2009 Aussie Yen shows a Triangle and Inverse Head and Shoulder on the 4 hour chart as we await the FOMC interest rate - policy announcement (Click to Enlarge)

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Jerry Furst  is an active trader, educator, and Founder of Investors Education Network (IEN), He is a Mentor and Trading Coach to Select Clients  Click Here for a Free Self Evaluation Survey.

 

Tags: FOMC, Forex, free webinar, head shoulder pattern, tehnical analysis, trading, triangle pattern

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