Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Follow us on Facebook

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE - In Google Play

Ahead of Fed’s statement

Ahead of Fed’s statement

Information is not investment advice

Get ready with us for the most important event of this week! The FOMC’s statement will be out on Wednesday at 21:00 MT time. Most traders have been waiting for it eagerly as it will define the further movement of the most traded currency on the Forex market – the US dollar. After the report, the market volatility will increase and the whole sentiment may change. The USD has already started declining amid the coronavirus hopes and the overall risk-on mood. Will the Fed will be able to reverse USD’s losses? Let’s discuss two possible scenarios.

1st scenario: USD will fall

The common consensus is for the dovish Fed’s statement as the last time the Federal Reserve announced that it would allow inflation and unemployment to run above the standard levels. That meant that interest rates would stay at low levels for even longer, and therefore poor returns would attract fewer investors and push the USD down. That’s why, if this time the FOMC echoes its last report, the greenback will get extra headwinds. In this case, pay close attention to EUR/USD as it may surge to the key psychological mark of 1.1900, and also USD/JPY, which may reach the support of 105.20.

According to Goldman Sachs, “we continue to expect the FOMC to eventually adopt outcome-based forward guidance that delays liftoff until the economy achieves both full employment and 2% inflation, although a stricter inflation criterion is possible too”.

2nd scenario: USD will rise

Anyway, there is still a tiny chance that the Fed delivers a hawkish message, which will underpin the greenback.

TDS claimed that “minimal changes to forward guidance and characterization of QE in the statement; more upbeat tone on the outlook following stronger-than-expected data recently” will drive the US dollar upward. 

TDS set the possibility of this scenario to happen at 13%. In this case, USD/JPY may move to 106.20 and EUR/USD to 1.1760.

Follow the Fed’s statement on Wednesday at 21:00 MT time and catch the market movement!




Choose your payment system

Learn more


Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later