$3425 in 15 minutes!

FOMC MEETING MINUTES RELEASED

On September 17, 2015, the latest FOMC Meeting Minutes were released, where it was stated that the interest rate might be increased to 0.4% in October. Considering the current global market situation, specifically the US dollar strengthening and crude oil falling prices, investors and traders perceived this information as negative, which resulted in the weakening of the US dollar.

Gold rose by 1370 pips in 15 minutes, which allowed to make $3425 by a buy position, with trading one lot.

Fed Interest Rate Decision

norv

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