What to expect in FOMC meeting on 19/20 Sep'23
The market looks bullish in daily time frame.
The FOMC meeting on 19/20 Sep'23 is expected the pause the interest rate at 5.50%, which keeps the USDINR less volatile. If the interest rate is increased USDINR will be bullish.
There is 3 more trading sessions to decide the direction.
https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
https://www.forexfactory.com/calendar?week=sep17.2023
https://www.nseindia.com/resources/exchange-communication-holidays
The FOMC meeting on 19/20 Sep'23 is expected the pause the interest rate at 5.50%, which keeps the USDINR less volatile. If the interest rate is increased USDINR will be bullish.
There is 3 more trading sessions to decide the direction.
https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
https://www.forexfactory.com/calendar?week=sep17.2023
https://www.nseindia.com/resources/exchange-communication-holidays
So pick the stock for investing on long run. Stocks like Pharma(Dr Reddy, Cipla), FMCG(ITC), IT(Tech Mahindra, Infosys, Wipro, TCS)