Market updates on September 20
We've got some positive news for the British pound and we are awaiting the release of the core retail sales for Canada at 15:30 MT.
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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Market updates on September 19
The European trading session will be highlighted by the events for the British pound. Traders will pay special attention to the BOE meeting at 14:00 MT.
Market updates on September 18
The FOMC meeting is on the agenda. Will the Fed keep its rate on hold or not?
Latest news
Market updates on September 20
We've got some positive news for the British pound and we are awaiting the release of the core retail sales for Canada at 15:30 MT.
Oil spikes on the tweet by Iran's foreign minister
The tweet by Iran's foreign minister increased the possibility of tensions in the region. It pushed the oil prices up.
Market updates on September 19
The European trading session will be highlighted by the events for the British pound. Traders will pay special attention to the BOE meeting at 14:00 MT.
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