The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
Federal Reserve’s Meeting & Press Conference
|Meetings of the US central bank are among the most anticipated Forex events. September meeting is no exception.|
|The Federal Reserve will announce the Federal Funds Rate and the FOMC economic projections at 21:00 MT time on September 20. The press conference of the Fed’s Chair Janet Yellen will follow at 21:00 MT time.|
|The market is not expecting a rate hike, but looks forward to news about the Fed’s plans to unwind its massive balance sheet. Janet Yellen’s comments will likely move the market as well.|
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.