The sell-off across the markets
The week has started with a cautious note...
Is the Fed holding the rate?
The Federal Funds Rate is announced at 21:00 MT time on December 11.
At the November session, the Federal Reserve cut the country’s main interest rate to 1.75%. It was the third decrease and expectedly the last during 2019. At the time, the Fed Chair Mr. Powell stated that the main inclination of the policymakers was to stop the rate-cutting cycle and observe the results. However, he also expressed the readiness to act as appropriate, leaving the space for the monetary maneuvers in case the trade war or the global economic slowdown takes the toll on the US economy. Eventually, this point was removed from the Fed statement, reassuring the public that the Fed’s monetary stance is more solid than it was previously thought. If the December rate announcement confirms that, it should strengthen the US dollar because the unchanged rate would signal the resilience of the American economy.
- If the Fed is hawkish, the USD will rise;
- If the Fed is dovish, the USD will fall.
Similar
Important events this week will bring us
A new week brings new trading opportunities
Christine Lagarde: as long as necessary
On January 23, the ECB announced the interest rate at 0%, unchanged. The ECB President followed with a press conference to give more details. What was the message?
Latest news
The sell-off across the markets
The week has started with a cautious note...
How are things with Facebook?
The Facebook earnings report is coming at 00:00 MT time on January 30.
Can you ride the tide with Apple?
Apple earnings report is released at 00:00 MT time on January 29.
Deposit with your local payment systems
