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The Federal Reserve (Fed) will announce its interest rate at 21:00 MT time on November 8.
In September, the Fed increased the interest rate by 25 basis points to 2.5%. The market doesn’t look for a rate hike this time. However, comments of the Federal Reserve will be highly important for the USD in times when Mr. Trump criticizes the Fed monetary policy.
• If the Fed is optimistic, the USD will rise.
• If the Fed is pessimistic, the USD will fall.
This week we anticipate inflation data and retail sales for Britain and the US and employment data for Australia. What are the forecasts and how they may affect the currency pairs? Read this week's news wrap!
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
In October, China's factory-gate inflation decelerated for the fourth month due to cooling domestic demand as well as manufacturing activity, thus indicating that the country’s government would probably come up with more growth-boosting measures against…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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