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

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Will Fed Raise Interest rate?

Will Fed Raise Interest rate?

Information is not investment advice

What will happen?

On March 16, 2022, the US Federal Open Market Committee (FOMC) will make a statement and economic projections and, after that, the Federal Reserve will publish the Federal Funds Rate. This data comes out 8 times a year. An interest rate decision itself is usually priced in by the market in advance, so a forward-focused FOMC statement tends to outshine the rate announcement, especially if there’s no surprise in the rate.

How will it affect the dollar?

This release is the primary tool the FOMC uses to communicate with investors on monetary policy issues. Decisions made on this day add volatility to the market. In addition, press conference questions often lead to unplanned responses and increase volatility even more.

After the last release, USD rocketed by 560 points and then kept rising for some time.

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How to trade on the Fed Funds rate release?

If the “Actual” rate is higher than expected, it is good for the currency. However, don’t underestimate the FOMC statement and press conference questions, which often lead to unplanned responses. The conference can trigger an opposite reaction in USD.  

  • If the release is hawkish – the USD will go up.
  • Otherwise, it will fall.

Check the Economic calendar

Instruments to trade: EURUSD, USDCAD, USDCHF, US500, US100.

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The Fed Chair Jerome Powell will testify on the Semi-Annual Monetary Policy Report before the House Financial Services Committee on June 22-23 at 17:00 GMT+3.

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How Will US PMIs Affect the USD?

The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.

Will Fed Chair Powell Move the USD?

The Fed Chair Jerome Powell will testify on the Semi-Annual Monetary Policy Report before the House Financial Services Committee on June 22-23 at 17:00 GMT+3.

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