The Fed made a hawkish surprise! The bank would start a discussion about scaling back bond purchases. Besides, it is likely to make two interest-rate increases by the end of 2023 (sooner than expected)!
Tag - federal reserve
The Federal Reserve will release its statement and announce its interest rate decision at 21:00 MT time. Then, at 21:30 MT time, the central bank will hold a press conference.
The USD is going to be in the spotlight again this week as the Federal Reserve will hold a meeting on Wednesday, which could be a big mover! Gold has plunged amid the stronger US dollar as investors await the Fed’s meeting this week.
US inflation report and ECB meeting will shake the market on Thursday. More opportunities for traders! Read the article to know how the market will probably react.
What is better to trade on the week of May 10-14?
Microsoft and Google have published strong earnings data. The main focus of traders is on the Fed meeting today.
This week is going to be full of news from the corporate world, OPEC, FOMC, and the BOJ - tune in!
In this article, you'll find answers to major questions about the USD. Why is it rising? When will its dominance end?
Gold is heading for its first quarterly decline since 2018! The main reason for that is the strong US dollar.
Gold prices rose to an over two-week high on Wednesday after the Federal Reserve’s decision. How to trade it now?
The Fed pledged to keep near-zero rates at least through 2023. The dovish message pressed down the US dollar. As a result, EUR/USD and GBP/USD surged.
FOMC's report provided positive feedback on the current domestic US economic dynamics. However, a rather dovish outlook made the US dollar weak, resulting in the USD's plunge in the currency pairs across the Forex market.