FOMC Meeting Minutes are in Focus

FOMC Meeting Minutes are in Focus

What will happen?

Federal Open Market Committee, a committee within the Federal Reserve System (the Fed), will reveal a detailed record of the most recent meeting on July 7 at 21:00 MT. Yes, the meeting itself has already passed, and the main outcome is known, but the details are still important.

The Fed surprised investors with its hawkish tone during that meeting. The central bank started a discussion of cutting bond buys and pointed to at least two interest rate hikes in 2023. Those words have pushed the USD up. Therefore, traders will watch the FOMC’s record closely to get hints on further Fed’s policy decision as it will influence the value of the US dollar, which is one of the most traded currencies in the Forex market.

How to trade on FOMC Meeting Minutes?

  • If the record uncovers more Fed’s hints on policy tightening, the US dollar will rise.
  • Otherwise, the US dollar will fall.

Instruments to trade: EUR/USD, USD/JPY, XAU/USD

Check the economic calendar

TRADE NOW

Similar

No More US Debts in Sight
No More US Debts in Sight

The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.

Gold Rises as Central Banks Buy More
Gold Rises as Central Banks Buy More

About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.

Latest news

Bank of Canada Surprises Markets
Bank of Canada Surprises Markets

The CAD is dominating the markets after the key rate increase! Read the full report to learn more about trading opportunities with the Canadian Dollar!

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

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

Beginner Forex book

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