Following the decision of Federal Open Market Committee (FOMC) On keeping the policy rate unchanged within the target range of 0-0.25%, Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, presents his comments on the policy outlook. Key statements “Monetary policy will continue to provide powerful support to the economy.” “In […]
Tag: Fed
EUR / USD declines below 1.2150 after the Fed opts not to modify the QE program
EUR / USD fell as a result of the FOMC policy announcement after the bank did not modify its QE program. He EUR/USD it has fallen immediately after the FOMC’s monetary policy announcement, falling from around 1.2170 to below 1.2730. On the day, the pair is now trading at a loss of around 0.2% or […]
GDP will contract to -2.4% in 2020 compared to -3.7% forecast in September
In its Projections Summary, the US Federal Reserve noted that expects the Gross Domestic Product (GDP) to contract by 2.4% (median) in 2020, compared to 3.7% reported in the September post. Besides, the Fed expects the economy to grow 4.2% and 3.2% in 2021 and 2022, respectively. Both figures show an upward revision of 0.2% […]
The Fed keeps its rates unchanged at the last meeting of 2020
The United States Federal Reserve has decided not to vary its interest rates in the last meeting of the year, leaving them in a range of 0 al 0.25% in December, as expected. The monthly bond purchase program also remains unchanged, worth $ 120 billion. The entity has not changed its rates since last March, […]
USD / JPY cuts losses to trade around 103.50 as focus shifts to FOMC
USD / JPY has retraced from the month’s lows at 103.20 to trade just above 103.50. Progress on US fiscal stimulus is reportedly being made, but currency markets are cautious ahead of the FOMC meeting on Wednesday at 7:00 PM GMT. He USD/JPY fell to fresh monthly lows at 103.20 in the previous trade, but […]
AUD / USD ignores disappointing US data as traders remain cautious ahead of FOMC
AUD / USD managed to hit new yearly highs Wednesday morning at 0.75785, but has since reversed to 0.7560. Despite the low US retail sales figures, traders remain cautious ahead of the Fed’s monetary policy announcement at 19:00 GMT. The optimism of the US fiscal stimulus is likely. He AUD/USD It managed to almost set […]
XAU / USD retraces from 1-week highs, stable around $ 1,855 before FOMC
Gold struggled to capitalize on its positive intraday move to week-long highs. A sharp rally in US bond yields put some pressure on the metal. The sustained sale of USD helped limit the downside before the FOMC decision. Gold cut its intraday gains to week-long highs and has now retreated to the lower end of […]
EUR / USD declines from multi-year highs, offered around 1.2180 after US data
EUR / USD gained strong intraday traction following the release of upbeat impressions from the Eurozone PMI. The prevailing bearish sentiment surrounding the USD continued to support the positive move. Disappointing US retail sales did not provide any respite for the USD; the focus remains on the FOMC. The pair EUR/USD It maintained its offered […]
USD / CAD clings to recovery gains, around 1.2750
USD / CAD witnessed a short coverage rebound on Wednesday amid oversold conditions. A modest decline in crude oil prices undercut the loonie and it remained supported. Sustained USD selling could limit the upside ahead of US and Fed retail sales. The pair USD / CAD it rose throughout the middle of the European session […]
XAU / USD rises to week-long highs around $ 1,865 ahead of FOMC
Gold continues to gain ground for the second day in a row on Wednesday. The sustained selling bias of the USD is considered a key factor driving the rise in gold prices. Risk appetite sentiment does little to hamper the positive move ahead of the FOMC’s decision. He oro is extending its constant positive movement […]
