On March 1st mandated government spending cuts due to failure to reach a consensus on spending are scheduled to take effect. These will culminate on the 27th of March when the US Governments spending authority expires. Action prior to that is not expected.
Presuming this ‘Congressional Sequester’ will end like the fiscal cliff issues of 2012 may be a big mistake. The political climate is not favouring that outcome. With no major elections scheduled for 2 years congress is expected to use the mandates for political cover and allow the cuts to happen. The cuts will occur according to most experts and congress will use the following chaos to force the cuts of their choosing.
Futures Trading in currencies will be effected as well as standard Forex and a careful analysis of key indicators you are using in your trading strategies is a must. The …