The first week of November promises to be eventful, as we have the Fed meeting, the BOE update, and the NFP release. Read more details here.
Tag - federal reserve
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
This week, the majors will be affected by the interest rate decision by the Federal Reserve, NFP, the BOE Meeting, and more events.
The Federal Reserve (FOMC), US central bank, will publish its December meeting minutes on Wednesday, January 5, at 21:00 GMT+2 (MetaTrader time).
The US central bank, Federal Reserve, will announce its decision on further monetary policy on December 15 at 21:00 MT.
After US CPI markets await for FOMC and ECB meetings. Together, the events will add volatility in all EUR and USD pairs and gold. It may be the last intense trading week of December. Don’t miss this video. The news and trade ideas in it may surprise you!
Jerome Powell is getting a second term as chair of the Federal Reserve. Powell is seen as less dovish than Brainard (another nominee). The US dollar should get some support from the possibility of faster-than-expected Fed tapering.
The United States will publish the Federal Open Market Committee Meeting Minutes on November 24, at 21:00 GMT+2.
Bank of England will release data on quantitative easing, monetary policy, and bank rates on November 4, 14:00 GMT+2.
Watch the video to get fresh trading ideas!
The Fed is ready to start tapering in November. Since the markets were expecting this and it wasn’t a surprise, the USD slumped allowing risk-on currencies and gold to rally up.
EUR/USD and other major pairs have been recovering losses, while the main focus of today remains on the US CPI and the FOMC Meeting Minutes…