Federal Reserve’s Meeting

Federal Reserve’s Meeting

The Federal Reserve strongly influences the USD exchange rate. The central bank has already raised the interest rate 2 times this year. The market anticipates 1-2 additional rate hikes. However, just recently, the US president’s top economic adviser urged the Fed to raise interest rates “very slowly”, despite the fact that usually the administration avoids comments on monetary policy.

The US dollar needs some support to continue its upward movement. The Fed will release the interest rate and the economic outlook on August 1 at 21:00 MT time. If the Fed takes the administration’s comments into consideration, traders may anticipate a more dovish statement of the central bank.

• If the Fed is hawkish, the USD will move up;

• If the Fed is dovish, the USD will lose momentum.

Check the economic calendar

us fed.png

Source of the picture: TRADINGECONOMIC.COM|FEDERAL RESERVE

                                                                                                      TRADE NOW

Similar

Market updates on August 15

The risk sentiment remains under pressure after the comments by China about the countermeasures against the US tariffs. Thus, the AUD/USD and the USD/JPY pairs will be under our attention.

Latest news

German exporters don’t care about stronger euro

German exporters demonstrate ascending optimism as for their business prospects because growing demand from other euro zone countries helps to compensate worries regarding the strengthening currency, as the Ifo economic institute told on Wednesday…

Japan's October machinery orders tack on

In October, Japanese machinery orders rebounded with a faster soar than anticipated, thus re-affirming the resilience of capital spending, which is a major driver in the Japanese economy's almost two-year expansion…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

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