Risk on is back on market
The risk-on is back on the market as investors focus on the projections for a stronger-than-expected economic rebound and the Fed’s pledge to prolong support for the rest of the year.
FOMC Meeting Minutes: a chance for the USD strength?
Information is not investment advice
What will happen?
The Federal Open Market Committee (a department of the Federal Reserve) will publish the detailed record of the recent meeting on February 17 at 21:00 MT time. It will provide insights into the economic and financial conditions which affected policymakers' opinion.
How to trade on the FOMC Meeting Minutes?
During the previous meeting, no changes to the monetary policy were made by the Federal Reserve. Given the current weakness of the USD, traders will pay particular attention to the outlook as well as to the possible hints on further decisions. If traders get a confirmation of an improvement of US economic conditions, the USD will get a bid.
- If the FOMC is optimistic, the USD will rise;
- If the FOMC is pessimistic, the USD will fall.
Instruments to trade: EUR/USD, USD/JPY, GBP/USD
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Risk on is back on market
The risk-on is back on the market as investors focus on the projections for a stronger-than-expected economic rebound and the Fed’s pledge to prolong support for the rest of the year.
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