
Last week, there were sharp swings in USDJPY, a decline in oil prices, and a surge in Tesla stock. What's next?
The Federal Open Market Committee will publish a rate statement and announce an official rate at 20:00 MT on October 30. After that, at 20:30 MT, the Fed Chair Jerome Powell will conduct a press conference.
The analysts anticipate a rate cut by 25 basis points. If the Fed reduces the interest rate, it will be the third policy easing of the year. The Fed Chair Jerome Powell characterizes these interest rate decisions as the central bank’s mid-cycle adjustment. The slash of interest rate would be highly appreciated by the US President Donald Trump amid his criticism of the Fed's monetary policy. Also, it is recommended to pay attention to the tone of the statement, as it may affect the USD.
• If the rate cut happens, the USD will fall;
• If the rate cut does not happen, the USD will rise.
Last week, there were sharp swings in USDJPY, a decline in oil prices, and a surge in Tesla stock. What's next?
Geopolitical factors and inflation remain the main drivers of financial markets. Let’s see how to use that in trading!
Last week was super intense! Geopolitical turbulence made the Russian ruble the most volatile currency. Gold rose and fell by more than 8000 points each time.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
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