Risk-on is back on the market
The market sentiment has switched to risk-on, driving upwards stocks and riskier currencies and weighing on the US dollar.
The FOMC meeting: any surprises for the USD?
Information is not investment advice
The Federal Open Market Committee will publish its meeting minutes on February 19, at 21:00 MT time.
Instruments to trade: EUR/USD, USD/JPY, GBP/USD
This is the department within the Federal Reserve of the United States, which is responsible for the monetary policy decisions. Three weeks after the committee announces the interest rate the FOMC releases its meeting minutes. This is the detailed record of the meeting, which contains the details of the economic and financial conditions that affected the interest rate decision. During the previous meeting, the FOMC kept its interest rate on hold at 1.5-1.75%. The main attention of the committee representatives was on gearing up the inflation. For a decent amount of time, the inflation level has been moving significantly lower the bank’s target.
• If the Fed is optimistic, the USD will go up;
• If the Fed is pessimistic, the USD will go down.
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Popular
Risk-on is back on the market
The market sentiment has switched to risk-on, driving upwards stocks and riskier currencies and weighing on the US dollar.
Crucial event for Forex: NFP
Non-Farm payrolls will be out on Friday at 15:30 MT time! Are you ready?
All attention to USD
US ISM Manufacturing PMI is coming out on Thursday at 17:00 MT time! Be ready!
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