The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
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.|
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The Canadian central bank will make a monetary policy report and announce interest rates on Wednesday, January 20, at 17:00 MT time. Also, the BOC press conference will be held later.
The market optimism waned amid stricter restrictions to control rising coronavirus infections. S&P 500 and Nasdaq dropped from the all-time highs, while the USD jumped higher.
S&P 500 skyrocketed to the all-time high on optimism that Biden’s fiscal stimulus will support economic growth and boost corporate earnings.
PMI reports from the EU, the UK, and the USA will be released during the day!