Here is a great video about the upcoming FOMC Interest rate release:
Posts Tagged with ‘rate’
April 2, 2009 - EUR Zone Rate Cut Expected
Market participants are eagerly awaiting key data pieces due be released today. The European Central Bank is expected to cut Interest Rates by 50 basis points and weekly U.S. unemployment numbers are predicted to be high. These two events will be the main drivers of currencies in the forex market today.
The U.S. Dollar weakened during yesterday's trading session, correcting the sharp gains against the EUR and GBP seen last week as steep job losses in the private sector rekindled fears of a prolonged U.S. recession. After yesterday, the USD ... ( read more )
March 19, 2009 - The Greenback Crashes After Fed Rate Announcement
Investors fled the USD en masse yesterday after the U.S. Federal Reserve stated that it would begin quantitative easing - basically printing money - in order to revive the U.S. economy hopefully by the beginning of next year. After such a devastating loss in value, traders now have the opportunity to discover a new range for the value of the USD and will begin to do so throughout the rest of this week. Once stabilized, the USD may in fact begin to climb back up as it returns to safe-haven status in the coming weeks.
The greenback dropped on... ( read more )
March 18, 2009 - U.S Rate Announcement – on Tap
The technical correction continues to dominate the leading currencies, as both the EUR and the GBP have strengthened significantly against the Dollar lately. This could change today as the U.S Funds Rate will be announced at 18:15 GMT, and is forecasted to stay at 0.25%. However, any change that might take place is prone to sow disorder in the market, and forex traders should be ready for it.
The Dollar recorded a volatile trading session on Tuesday after U.S. data showed that the construction of new houses increased by an unexpected 22%. In... ( read more )
March 16, 2009 - The USD Weakens Ahead of Fed’s Rate Announcement
After depreciating consistently over the past few weeks, the USD is now traded over 1.29 against the EUR, and over 1.40 against the GBP. This week on Wednesday, at 18:15 GMT, the Federal Reserve will deliver an Interest Rates statement, and is widely expected to leave it on 0.25%. However, Bernanke's speech from yesterday might hint that a rates hike is no longer taboo. Such decision could create mayhem for the leading currencies, and forex traders must be prepared.
With a rally in stocks and other equity markets last week, traders witnessed... ( read more )