The final FOMC rate announcement of 2012 is due at 5.30pm UK time and we expect the market to drift higher in anticipation of this. There is an expectation of further economic stimulus, so there is potential for disappointment if this is not forthcoming, though we expect the market to react favourably to confirmation of further quantitative easing or similar measures.
For our subscribers at www.goldtradingexperts.com, today's video looks at our trading strategy for today in detail and our expectation for the announcement later today.