Data Expectation – “FED Interest Rate Decision” DATE: 18-12-2024

Jai Shri Ram! http://www.fxlive.in/ Today is another major day for Financial Market because of "FED Interest Rate Decision" on late night. While a 25 bps rate cut is expected, surprises could spark big market moves. if FED cut rate by 0.25 bps (If FED, gives Dovish statement) or cut higher rate than expected then tomorrow we can see sharp rise in XAUUSD up to $2684 & $2710 but if FED cut rate by 0.25 bps (And gives, Hawkish statement) than we can see another fall in XAUUSD up to $2614 & $2580. after rate decision FED release there statement and next trend will decide after FED's statement, we will build our position before evening session Regards The Market thinker MCX Commodity + NSE Equity and Forex Market