The fed met yesterday and today in their regular meeting to determine the future of interest rates and monetary policy. Not surprisingly they have decided to leave interest rates alone.
What does this mean? Inflation and major profits if you’ve been listening to my AUD recommendation.
At this moment the AUD/USD pair is bidding .95899 which is a gain of 9.2% since January.
For the less risk adverse among you I’d recommend trading the pair on Forex, the currency market, for greater gain. MB Trading, my platform of choice, offers 100 to 1 leverage which means that for every penny the AUD/USD pair increases you realize a 100% gain. That translates into a gain of about 800% since January. Of course 100 to 1 leverage can be quite dangerous as well since you lose just as fast as you gain if you end up on the wrong side of the market.
I am confident that until the US ends it’s foreign intervention policy and changes it’s monetary policy there is a 100% certainty that the AUD/USD pair will continue to move skyward. I will continue to invest in this pair in the foreseeable future.
Tags: AUD, Fed, Forex, inflation, MB Trading, Monetary Policy, USD
