Daily news: Anticipation of the Fed's rate hike

Daily news: Anticipation of the Fed's rate hike

  • New Zealand trade balance for the last month was released today. The deficit came out bigger, than it was expected (-1484 million NZD vs -930 million NZD). However, it did not have major effect on the qiwi. The level of business confidence published today has risen from -50.3 to -38.3. This is still not very positive data, but it increased from a 10-year low. That is why it resulted in NZD/USD gains today, trading near the 50-day MA at 0.6662. The next resistance is at 0.6737. Any negative news will bring the price downwards to the support at 0.6576.


  • Probably one of the most important news for this week is the meeting of the US Federal open market committee (FOMC) and the announcement of the interest rate, which are scheduled today at 21:00 MT time. Major analysts expect the Federal Reserve (Fed) to hike interest rates to 2.25% - the highest rate in more than 10 years. This is explained by the stable growth, rise of wages and low levels of unemployment and core inflation. Trump has been criticizing the increasing rates since July, seeing these monetary policy decisions unnecessary. After the FOMC meeting chairman of the Fed Jerome Powell will discuss an economic outlook of the country and political pressures from the president. Right now the USD index is bearish, trading near its July’s lows at 93.6.

EUR/USD remains bullish targeting the resistance at 1.1830. FOMC meeting can change situation to opposite. In that case, the support to follow is at 1.1644.


  • In other news for the USD, the level of crude oil inventories will be released today. It is forecasted that the level of crude oil continues to decline (-0.7 million vs -2.1 million). This can support the rise of the oil’s prices for today. In addition, some analysts forecasted crude to reach $100 for a barrel in the beginning of 2019. Right now, Brent is trading at its highs near 82.00. WTI is trading near the resistance at 72.20. The next resistance is at 73.60. Otherwise, watch the support at 69.00.


  • The rise of prices for crude affected the commodity-linked loonie. Today USD/CAD is trading near the support at 1.29. However, the currency keeps struggling with North American free trade agreement (NAFTA) uncertainties. Furthermore, the rate hike by Fed can make USD/CAD bulls take over the market. This means it can possibly reach the resistance at 1.31.


  • French finance minister Bruno Le Maire said the Brexit deal under British prime-minister Theresa May’s conditions is unacceptable and dangerous for the EU economy. He mentioned that the changes to the economic system of the Eurozone could possibly lead to economic shock or the next financial crisis. For now bulls have crossed the 100-day MA for GBP/USD aiming towards the resistance at 1.3230. The comment made by French finance minister can affect the GBP negatively today. In that case, the support is at 1.30.


Follow us for more news!


News for The Week
News for The Week

US stock markets started falling, while the US dollar is rising. What to expect from

Latest news

NFP, Oil, and US Stocks Highlight This Week
NFP, Oil, and US Stocks Highlight This Week

Welcome to the first week of October!  As usual, at the start of the week, we are looking for valuable insights that will bring us profits in trading. Let’s observe the main events. 

The US Dollar Is Correcting
The US Dollar Is Correcting

Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?

Bearish Signal For The USD
Bearish Signal For The USD

XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera