EURUSD

Wednesday
It goes without saying that the main event of the week will be the Federal Open Market Committee meeting that will be held on Wednesday. Most analysts anticipate that the funds rate will be reduced to 2% from 2.5%. Along with that, we cannot be 100% sure that these expectations will be realized, since the Fed officials have not reached a consensus on this issue. After all, few analysts expected that the American financial regulator would change the interest rate. Moreover, it had been previously reduced. Besides, the forecast was changed only under the influence of the ECB meeting results. So the question remains open, and there is every reason to doubt that the Fed actions will come in line with expectations this time. Naturally, this event will be under the spotlight, so traders are likely to pay little attention to the inflation data from the UK, Europe and Canada. The inflation rate in Britain is expected to decrease to 1.9% from 2.1%. Similarly, the price growth in Canadian is likely to slow down to 1.9% from 2.0% while in Europe, it is expected to remain unchanged.

This email came from her - Kate

What to expect on Forex this week?

Monday
The start of the week is going to be relatively calm as no important macroeconomic news is scheduled for release. Overall, this situation is typical of Mondays. So, market participants will have an opportunity to get prepared for the upcoming FOMC monetary policy meeting.

Tuesday
In contrast, Tuesday will be more active and eventful. In fact, the only event that will be worth attention on that day is the industrial production data from the United States. The pace of the output growth is expected to slow down to 0.2% from 0.5%. Naturally, it will hardly provide support to the US dollar. The more so, this report will be published a day before the Fed monetary policy meeting.

Wednesday
It goes without saying that the main event of the week will be the Federal Open Market Committee meeting that will be held on Wednesday. Most analysts anticipate that the funds rate will be reduced to 2% from 2.5%. Along with that, we cannot be 100% sure that these expectations will be realized, since the Fed officials have not reached a consensus on this issue. After all, few analysts expected that the American financial regulator would change the interest rate. Moreover, it had been previously reduced. Besides, the forecast was changed only under the influence of the ECB meeting results. So the question remains open, and there is every reason to doubt that the Fed actions will come in line with expectations this time. Naturally, this event will be under the spotlight, so traders are likely to pay little attention to the inflation data from the UK, Europe and Canada. The inflation rate in Britain is expected to decrease to 1.9% from 2.1%. Similarly, the price growth in Canadian is likely to slow down to 1.9% from 2.0% while in Europe, it is expected to remain unchanged.

Thursday
On Thursday New Zealand’s GDP data for the second quarter will be published. Analysts anticipate that the economic growth slowed down to 2.4% from 2.5%. Shortly after that, the Bank of Japan monetary policy meeting will take place. The bank is expected to leave the monetary policy parameters unchanged. Further on, the Swiss National Bank will also hold a monetary policy meeting on that day. Coincidentally, the Bank of England will also have a rate-setting meeting just a few hours after the SNB. The reaction of the market will depend on what decision the FOMC would take a day before that. If the Federal Reserve reduces the funds rate, then decisions of other major banks to keep the monetary policy stance unchanged will contribute to a rally in the pound sterling, the yen, and the Swiss franc. Otherwise, their indecision will have a negative impact.

Friday
Friday will begin with the publication of the inflation data in Japan. The price growth is expected to speed up to 0.8% from 0.5%. Under the conditions of permanently low inflation, that is on the verge of collapsing into deflation, such an increase will have a positive effect on the yen. By the end of the week, the retail sales data will be unveiled in Canada. The sales growth rate can show an impressive jump to 2.1% from 1.0% which will definitely provide support to the Canadian dollar.

so pa stands at the same place in the morning , ready test inner channel top again & again! risky day today

Hey fellows, if you're interested to read more about the FOMC meeting and check out some fundamentals and our economic projections, you can go check out the EventTrader's preview of the event and while you're at it, you can also check out what i've written about the event!

Links to the High Impact Events Trading thread:

EventTrader's FOMC Meeting Preview

Vorenzd's FOMC Meeting Preview


Good luck with the FOMC meeting

USD: FOMC To Produce More FX Noise Than Direction; Looking To Fade EUR/USD Rallies - Credit Suisse

Credit Suisse discusses the USD outlook around today's FOMC meeting.

"Attention now turns to the FOMC, where anything other than a 25bp cut would be a huge shock. More interesting will be their response to the funding squeeze, and it seems likely they will cut the IOER by an additional 5bp, and perhaps emphasise their commitment to ensure adequate liquidity. We doubt Powell’s assessment of the economy and the monetary outlook will deviate much from his recent tone. As such we tend to think the meeting will produce FX noise rather than direction," CS notes.

"EUR/USD – Broad range parameters of 1.0926/1.1109 are now well established. Maybe the FOMC can induce a break, but it will need to be a surprise outcome. General bias to fade rallies towards the top end of the range, expecting the late August high at 1.1165 high to hold," CS adds.

Seems like rate cut has not been prices. Tough to call

it's not tough to call. "fade spikes".

Resistance at 1100 // 1150.

Just don't gamble with your account and enter any trades before FOMC.

now you are getting how i trade

on daily 1075 is a line in sand, short below it



on m15 the short has knot started yet so hold it

I'm probably missing a joke or something, but who is she?

my ex ( senior analyst mt5)

my ex

For reference: Here is the previous Fed statement, projections and dot plot

https://www.forexlive.com/centralban...ement-20190918

itchy fingers ready to react

spike

now touch/pass the merlins line for me

wait for it...

what the fuck low volatily???? trump not change rates,shortttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttt

THIS IS BULL SHIT...
NEXT TIME ILL ENTER 10.000REAL LOTS TO SEE FUCKING GREAT MOVE,CHEERS...

FUCK OFF NOW ILL ENTER 1000LOT SHORT,FUCK OFF,NO SL,TP 1.09700

bang on

Patience could you share your bookmark?

Thanks!