What to expect in FOMC meeting on 19/20 Sep'23
The market looks bullish in daily time frame.
The FOMC meeting on 19/20 Sep'23 is expected the pause the interest rate at 5.50%, which keeps the USDINR less volatile. If the interest rate is increased USDINR will be bullish.
There is 3 more trading sessions to decide the direction.
https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
https://www.forexfactory.com/calendar?week=sep17.2023
https://www.nseindia.com/resources/exchange-communication-holidays
The FOMC meeting on 19/20 Sep'23 is expected the pause the interest rate at 5.50%, which keeps the USDINR less volatile. If the interest rate is increased USDINR will be bullish.
There is 3 more trading sessions to decide the direction.
https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
https://www.forexfactory.com/calendar?week=sep17.2023
https://www.nseindia.com/resources/exchange-communication-holidays
Note
As the USD gets stronger, the companies that does business in USD's will be bullish on long run.So pick the stock for investing on long run. Stocks like Pharma(Dr Reddy, Cipla), FMCG(ITC), IT(Tech Mahindra, Infosys, Wipro, TCS)
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