Several largest American companies will publish their financial results this week. BTCUSD and XAUUSD are skyrocketing. What's going on in the markets?
Fed Meeting & Press Conference
|The Federal Reserve raised interest rates during its last two December meetings – in 2015 and 2016. This December should be no exception to this trend. The US central bank has been preparing the market for this move for a while.|
|The last time the Fed changed the federal funds rate was in June 2017. That time it raised the rate to 1.25%. The odds of another rate hike in December exceed 90%.|
|The rate statement at 21:00 MT time will be followed by a press conference at 21:30 MT time. The US dollar will likely stay volatile during these events in all currency pairs, especially in USD/JPY and EUR/USD.|
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