Sunday, 11 December 2016

US Dollar.I Feel It Coming

Is a current top ten hit across the atlantic  for Weeknd featuring Daft Punk, taken from the album starboy.

The US Dollar looks like a Starboy, with the Federal Open Market Committee (FOMC) meeting kicking off TOMORROW, where market players say they CAN Feel It Coming.

What, they see coming is that the FOMC will vote to raise interest rates for the first time in 12 months and only the second time in 10 years.

One US Dollar is now worth RM4.42, hence this is the most crucial week for the Ringgit.

Weather this storm, and the Ringgit could well turnaround to the RM4.30 level, but if it gets caught in the eye of the storm, only RM4.50 or worst awaits for the Dollar BEAR.