FOMC - MARCH 22, 2023 -US30 DOW JONES INDUSTRIAL AVERAGE
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Hello Traders,
As we approach FOMC and rate decision today, 2pm March 22, 2023 there's a possibility of continued rate hike to curb inflation and that could send Stock Markets down.
Key Points:
VIX - Volatility Index is bullish for the week Commodities - Bearish for the week
A rate increase is favourable for USD from an Investor's perspective. Overall economic outlook is bearish considering global world issues i.e: Russia/Ukraine, recession, inflation, etc.
Chart analysis shows clear picture based on trend lines, BOC, CHOC, and imbalance areas from prior week.
Anyways, always trade what you are comfortable with losing.