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EUR/USD Signal - Fed Hike Priced In - 22 Sep 2016

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Signal details
Entry Price: 
Close Price: 
Expiry Time: 
20:00 GMT
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5/5 of 3 ratings

We are currently trading around session highs in the EUR/USD pair and we still think that this is a great opportunity to be buying daily calls. The pair has been moving in tandem with the market fully pricing in one rate hike by the Federal Reserve by the end of the year. This has basically resulted in the EUR/USD moving much higher quickly after Janet Yellen's speech last night.

The currency markets are now fully pricing in the chance that the U.S. Federal Reserve is going to hike rates at least once before the end of the year, which technically is positive for the U.S. dollar. The challenge for the central bank now however is to deliver on market expectations, as it hasn't raised rates since December 2015. We are buying daily calls at 1.1247 and looking towards the end of day expiration.

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.