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!
Tag - federal reserve
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.
The rally of the US dollar has stopped for a while. That allowed risk-on assets (GBP, NZS, AUD, stocks) and also gold to recover some losses.
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…
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.
XAU/USD looks weak. Will it keep falling? Let's find out!
The Fed can start tapering already this November, oil is rallying pushing the Canadian dollar up! Jump in to know more!
That day has come, guys! The Fed will hold a meeting at 21:00 GMT+3. It can be a highly impactful event. The markets expect the bank to hint about the timing of tapering.