FOMC Meeting Minutes will be released on January 6 at 21:00 MT time.
Tag - federal reserve
The US dollar gained after the Fed’s report, while riskier assets dropped. Let’s have a closer look.
The FOMC will make a statement on September 16 at 21:00 MT time!
In this video we will go through the main events of the week and analyze EUR/USD, GBP/USD, GBP/JPY and gold!
The Fed made a dovish statement yesterday. As a result, the US dollar dipped down, while riskier currencies and stocks significantly rose.
Such credible banks as Bank of America and Citigroup made extremely bullish forecasts from $3 000 to $5 000. It’s hard to imagine right now, but let’s discuss why it may become true.
The dollar index was up late Tuesday afternoon in Asia, extending the 0.8% gain in the previous session, when COVID-19 fears and worries over the US Congress’ stimulus impasse drove a selloff across other assets.
The US dollar waned amid the current risk-on sentiment, while the EUR surged after the ECB's report.
Ichimoku Kinko Hyo AUD/JPY: The pair is trading above the cloud…
The USD skyrocketed after Fed Powell’s speech. OPEC and allied producers agreed to extend production cuts for another month. Oil surged.
This Wednesday the FOMC will give economic projections, which will have a huge impact on the Forex market.
The US dollar and the Japanese yen has started the week on the positive footing amid rising new virus cases.