The Traderszone Network

The FOMC rate decision is Dec 16 at 1900 GMT (2 pm ET).
Here’s what’s going to happen. The Fed is going to hike rates 25 basis points to a range of 0.25% to 0.50%, just like everyone expects. The statement will have no surprises and will pledge to be patient and cautious with rate hikes.

Iran has primed the pump
Sanctions are set to expire in early January and Iran plans to immediately increase production. The weekend comment came from deputy oil minister Amir Hossein Zamaninia.

Knowing how an index is performing can give you an idea of how the market is doing, and how your portfolio is doing relative to the index.

While you can’t invest in a 401(k) that isn’t sponsored by your employer, there are a couple of exceptions to the rule.

The US stock market took a hit Friday and finished below key support
The market is in a sour mood and with the Fed about to hike rates, I can’t imagine it will be getting better soon. The technical picture is ugly with the break below key support in the 2023 zone.

This concept plays a key role in tax planning.

EUR/USD down 22 pips to 1.0965
The euro slipped through Friday’s late day low. EUR/USD was in a nice consolidation pattern on Friday afternoon and it’s breaking to the downside.