Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
What to expect from FOMC?
Information is not investment advice
What to expect from FOMC?
Instruments to trade: EUR/USD, EUR/GBP, EUR/JPY
This Wednesday the FOMC will give economic projections, which will have a huge impact on the Forex market. The report usually consists of Fed’s decision on interest rates and other policy measures. The Fed has already signaled that it won’t raise interest rates any time soon. In addition, it should further pump more money into the economy through its bond-buying program and ultra-cheap loans to banks. Besides, analysts expect that the central bank will emphasize downside risks amid the rising virus cases in the USA and press on Congress to act by increasing the spending. As a result, traders will expect further easing, which will drive the US dollar down. However, there is still a tiny chance that the Fed will deliver optimistic projections.
- If the Fed’s outlook is upbeat, the USD may rise.
- If the Fed’s outlook is downbeat, the USD may fall.
Similar
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
The US national GDP is in focus next week
What's going on with the US GDP? Economists think that the first quarter will be pessimistic. Let's check.
Popular
Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements.
Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
Choose your payment system
