Change or No Change :: US Key Interest Rates

Tonight is another such night where everyone is assuming that where FED Chairman, Ben Bernanke , come out of meeting and shout “No Change” but I have this gut feeling that tonight could be the night where they pull up their socks… err I mean their Interest Rates

 

Let’s see another 4 hours to go for the Interest Rates Decision and then Consumer Confidence number after 1 Hour of Interest Rates Decision

My prediction: They Hike their rates… Gold/Silver should be dumped along with all currency pairs and USD should rally. US Equities should make a double top here and go back below their 50% retracement levels by this Thursday 18th.

Big expectations.. lets see how it goes.

 

USDCHF – Possibly going to correct from here

USDCHF is looking for a possible correction and considering the the NFP data tomorrow, which most likely going to be BAD, very BAD then this equation stands correct and it can get back to the center of the previous channel.
Trade Idea: Short on a break of 1.069
Stop Loss: 50 pips
First Target: 1.036
Second Target: 1.02
Final Target: 1.00