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

FOMC Meeting Minutes are in Focus

FOMC Meeting Minutes are in Focus

Updated

What will happen?

Federal Open Market Committee, a committee within the Federal Reserve System (the Fed), will reveal a detailed record of the most recent meeting on July 7 at 21:00 MT. Yes, the meeting itself has already passed, and the main outcome is known, but the details are still important.

The Fed surprised investors with its hawkish tone during that meeting. The central bank started a discussion of cutting bond buys and pointed to at least two interest rate hikes in 2023. Those words have pushed the USD up. Therefore, traders will watch the FOMC’s record closely to get hints on further Fed’s policy decision as it will influence the value of the US dollar, which is one of the most traded currencies in the Forex market.

How to trade on FOMC Meeting Minutes?

  • If the record uncovers more Fed’s hints on policy tightening, the US dollar will rise.
  • Otherwise, the US dollar will fall.

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

Check the economic calendar

LOG IN

Deposit with your local payment systems

Feel the Team Spirit

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

Contact us via email at support@fbsaustralia.com