High-Impactful Event for Forex: US Retail Sales
US Retail Sales will be out on October 15 at 15:30 MetaTrader time (GMT+3).
The Fed’s comments may move the USD higher
The Federal Reserve and the FOMC will make the monetary policy statement and announce the official rate on January 30 at 21:00 MT time.
There is no chance that the Fed will raise its current 2.5% interest rate. In addition, the recent dovish comments by the FOMC members and the Fed Chair Jerome Powell signaled the pause in rate hikes if the US economy weakened. In case the monetary policy statement contains some positive data, the USD will get positive momentum.
• If the FOMC statement is hawkish, the USD will rise.
• If the FOMC statement is dovish, the USD will fall.
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Key Forex Event: US Inflation Rate
The US Inflation Rate (CPI) will be announced on Wednesday, October 13, at 15:30 MT (GMT+3). Traders eagerly await this event as it will impact the USD and thus the vast majority of currency pairs in the Forex market.
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British inflation may send the GBP up
Great Britain will publish the Inflation Rate on October 20, at 09:00 MT time (GMT+3).
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