ECB report is in focus
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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Market outlook for this week
Jump in to know the key market events and trading ideas for this week!
How to trade ahead and after BOC report?
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.
Latest news
USD strengthened as optimism waned
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.
Stocks up, USD down
S&P 500 skyrocketed to the all-time high on optimism that Biden’s fiscal stimulus will support economic growth and boost corporate earnings.
Lots and lots of PMIs on Friday
PMI reports from the EU, the UK, and the USA will be released during the day!
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