USD: FOMC Meeting Minutes are in focus

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

FOMC Meeting Minutes will be released on January 6 at 21:00 MT time. The FOMC is the Federal Open Market Committee, which is the department of the Federal Reserve. It will publish the record of the previous meeting that took place on December 16, which contains the details of the economic and financial conditions that affected the monetary policy decision. The Fed is one of the world’s most important central banks and its economic projections tend to change the market sentiment and therefore set the new vector of Forex trends. That’s why it’s a must-see for every trader! Wait for the release of the meeting minutes and check the charts.

If the Fed is optimistic, the USD will rise.
If the Fed is pessimistic, the USD will drop.

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Kseniya Medik

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