27 April 2016
The main event of this week on the financial markets is a meeting of the Federal Open Market Committee, the results of which we will know today, April 27 at 06:00 PM GMT.
The decision of the FOMC directly affects the US dollar, in addition, the US Federal Reserve will publish the text of the accompanying statement, and that this document will have the greatest impact on the market. Therefore, investors are holding their breath and waiting for the results of voting.
The interest rate higher than forecast will be a positive factor for the US dollar. Reducing the rate of lower than forecast — on the contrary, a negative impact on the US currency.
Economists’ opinion is divided: some of them believe that there is no probability of increasing of the rate, others expect that the Fed will raise the rate, but it will continue to tighten the monetary policy.
What shall traders really expect? Will the Fed’s rhetoric change? We will find it out today!
The leading FreshForex analyst Catherine Main.
Good luck in trading!
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