Don’t waste your time – keep track of how NFP affects the US dollar!

Thank you for visiting our website

The ASIC policy prohibits us from providing services to clients in your region. Are you already registered with FBS and want to continue working in your Personal area?

Personal area

Facebook like

Key Event for All Forex: Fed Statement

Key Event for All Forex: Fed Statement

Updated

What will happen?

The US central bank, Federal Reserve, will announce its decision on further monetary policy on December 15 at 21:00 MT.  Most traders are waiting for it eagerly as this announcement will define the price dynamics of the most traded currency in the Forex market – the US dollar.

What to expect?

There are two key things that traders should watch for: the pace of taper and outlook for the rate increase. The recent comments of Fed Chair Jerome Powell have signaled that the Fed is hawkish. Fed officials have already mentioned that the central bank can decide to double the pace of its taper to $30 billion a month. Speaking about rates, analysts expect that the first rate hike will not appear until summer. However, the Fed may hint at raising rates earlier than the markets expect.

How to trade on the Fed Statement?

It’s important to follow the overall market sentiment. The USD may rise ahead of the Fed statement as traders expect hawkish moves from the Fed.

  • If the Fed tapers more or decides to hike rates sooner than expected, the USD will rocket.
  • If the Fed leaves the policy unchanged, the USD will fall.

Check the economic calendar

Instruments to trade: all majors, gold, US stock indices

LOG IN

Deposit with your local payment systems

Got questions? FBS Oceania Customer Support is ready to help!

Contact us via email at support@fbsaustralia.com