Events in Libya pushed the oil price up. So what's the strategy to benefit from it?
Get ready for FOMC meeting
Information is not investment advice
The US Fed Funds Rate announcement and Press Conference will be at 21:00 MT on January 29.
During its December session, the US Federal Reserve left the target range for the country interest rate at 1.5-1.75%. This was exactly what the market had expected, so the audience received this outcome as natural and was reassured that the rate will stay most probably unchanged in 2020. Intending to keep the rate at the current level until there is a major indication to do otherwise, the Fed enters a dilemma. On the one hand, Donald Trump keeps blaming Fed Chair Jerome Powell for a high interest rate and pushing to cut it “down to zero” to make the US more competitive. On the other hand, there have been concerns voiced out that the already low rate may lead to financial misbalance. What strategic line will the Fed choose for 2020?
- If the US Fed expresses more dovish tones, the USD will fall;
- If the US Fed expresses more hawkish tones, the USD will rise
The oil prices experienced significant losses amid the US-Iran tensions at the beginning of the year. What's next?
Iran retaliates, Donald Trump will announce the next step by the US today. Gold flies up to $1,600 per ounce.
There is almost only one big event on the stage of Forex - Coronavirus. How will currencies and commodities respond?
Coronavirus pushse gold and currencies to where they have not been for years. What next?
The United States will publish its flash manufacturing PMI at 16:45 MT time on February 21.