I'm still a novice in the complicated world of binary options trading, so I will ask you to forgive me if some of my thoughts are not right or seems a little bit odd to you. If you want to correct me, please, do, because nothing works better for me on the education path than making mistakes and correcting it afterwards.
As you know from the news, tomorrow is a nation's Central Bank's economic policy meeting, where members will decide the interest rate for commercial banks. According to my research, this board meets every month and its decision has enormous impact on USD and basically on all the pairs connected with it.
If they decide to increase the rate it can be consided as a healthy inflation and may lead to the raise of USD. A rate cut however can be explained as a sort of stagnation in the financial sphere, so USD will be weakened by it. The previous rate, as I understand, was 0,5% and it shows a slight tendency to grow lately.
All of it looks like a perfect wat for me to get a little money on it The only problem is to make the right prediction what will the board decide exactly.
Any thoughts about it? Are you planning to trade?