26 July 2017
Dear traders,
On July 26 at 6 p.m. GMT Fed decision on the interest rate will be announced. We would like to remind you, that Fed meetings greatly affect financial markets.
We asked a senior analyst of our company Catherine Main to comment on the expectations related to this meeting:
“Chicago futures market estimates the probability of a rate hike by 2.5%. Such pessimism is caused by a sharp fall of US inflation rate. In June consumer prices grew by 1.6%, and let me recall that in January inflation growth rate of 2.5% was recorded. Fed rises interest rates when inflation grows. Now US central bank will take a break in rate hikes, which will have a negative impact on US dollar. For this reason traders may consider going long on EUR/USD, GBP/USD and short on USD/TRY, USD/CNH.”
Follow the Forex news with our experts!
FreshForex is a member of International Decentralised Association of Cryptocurrency and Blockchain (IDACB)
cn 
id 
ar 
ru 
de 
vn 
es 
pt 
th 
