In 2011, David O. Lucca and Emanuel Moench published their study showing that returns on U.S. equities tend to be higher in anticipation of scheduled meetings of the Federal Open Market Committee (FOMC). The research was called the Pre-FOMC Announcement Drift. Let's see if there is a spike in gold and silver prices in the 24 hours before the FOMC meeting.
Today we will study the reaction of the foreign exchange market to the publication of revised values of economic indicators. And let's see if it's worth relying on them when making a decision to enter the market.