In this video, John runs through where traders should be focusing their attention at this evening’s FOMC meeting, which is a “full monty” meeting that includes a new policy statement, FOMC staff projections on the economy and forecasts of the Fed policy rate, including for 2017 for the first time, not to mention a Yellen press conference.

As well, we’ve got quite a menu of additional event risks through Friday, including a potentially critical Swiss National Bank meeting tomorrow, the first ECB T-LTRO allotment news and a Norges Bank meeting, with NOK traders nervous as we never know what to expect from Governor Olsen.

Traders need to stay on their toes and consider the implications for various currencies depending on the outcome of these major events.