Latest

Forex Dictionary

Zombie Currency

by Miracle Admin

Definition - What does Zombie Currency mean? A zombie currency is a legal currency that is no longer used as

Forex Dictionary

Yard

by Miracle Admin

Definition - What does Yard mean? A yard is trading slang for 1 billion units of a particular currency. The

Forex Dictionary

World Currency

by Miracle Admin

Definition - What does World Currency mean? A world currency is a theoretical trade currency that would replace national currencies

Forex Dictionary

Whipsaw

by Miracle Admin

Definition - What does Whipsaw mean? Whipsaw is a slang term for any sharp move in price action that is

Mira FX
⥤From Brokers to Trader⥢
  • No-Deposit Bonuses
  • Deposit Bonus
  • Demo Contest
  • Live Contest
  • Education
    • Article
    • Strategies
  • Forex School
  • Brokers
    • No-deposit Bonuses
  • Calendar
  • Live Charts
  • Central Banks
    • Bank of Canada
    • Bank of England
    • Bank of Japan
    • European Central Bank
    • Federal Reserve
    • Reserve Bank of Australia
    • Reserve Bank of New Zealand
    • Swiss National Bank
No Result
View All Result
  • Education
    • Article
    • Strategies
  • Forex School
  • Brokers
    • No-deposit Bonuses
  • Calendar
  • Live Charts
  • Central Banks
    • Bank of Canada
    • Bank of England
    • Bank of Japan
    • European Central Bank
    • Federal Reserve
    • Reserve Bank of Australia
    • Reserve Bank of New Zealand
    • Swiss National Bank
No Result
View All Result
Mira FX
No Result
View All Result
Home Analysis

The USD may be triggered by the Fed

FBS by FBS
September 25, 2020
in Analysis
A A
ShareRetweet

The Federal Open Market Committee will make its statement and announce the interest rate on July 29, at 21:00 MT time. Half an hour later, the bank will hold its regular press conference with the Fed Chair Jerome Powell.

Instruments to trade: EUR/USD, GBP/USD, USD/JPY

After buying a significant amount of bonds worth trillions of dollars to support the economy, the Federal Reserve stands at a crossroads. Should the regulator unveil more stimulus during the upcoming meeting? That’s the main question, which attracts traders’ attention. On the one hand, we see that the Fed’s actions and the interest rate near zero are supporting the economy and encouraging the markets. On the other hand, rising cases of coronavirus in the US show the economy may come through a lot before a complete recovery. Therefore, further supportive actions, including additional bond purchases and careful policy guidance by the Federal Reserve may be needed.

  • If the Federal Reserve is pessimistic, the USD may weaken;
  • If the Federal Reserve is optimistic, the USD may strengthen.

Source : The USD may be triggered by the Fed

Tags: FBSFEDUSD
ShareTweetShareSendShareSend

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result
  • Education
    • Article
    • Strategies
  • Forex School
  • Brokers
    • No-deposit Bonuses
  • Calendar
  • Live Charts
  • Central Banks
    • Bank of Canada
    • Bank of England
    • Bank of Japan
    • European Central Bank
    • Federal Reserve
    • Reserve Bank of Australia
    • Reserve Bank of New Zealand
    • Swiss National Bank

Mira FX