Around the U.S Interest Rate Announcement
Dear Trader,
The U.S Interest Rate will be released today, March 16th at 6:15pm GMT. Due to the expected influence of the announcement on the Forex market, we have collected for you a few trading ideas, which you might consider to take advantage of prior to the rate announcement -

Gold shed more than 30$ from its price in recent days settling around 1,108$, as Greek debt woes and lower risk appetite loomed. Although in the FX arena the Dollar trade rather stabilized with the Euro and the Sterling rebounding from their lows Gold remained under pressure. China has been a dominant factor in the latest Gold selloff releasing a statement from Chinese officials that they prefer to buy US debt over Gold. China as the world’s largest Gold producer and the holder more than 2 Trillion Dollars in reserves has a rather strong effect on Gold sentiment. Such a statement from China shacked confidence of Gold buyers pushing them to trim profits. In addition ETF holdings one of the strongest indicators of Gold demand also pointed weakness for Gold with figures showing softening demand for the Metal.


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