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Federal Open Market Committee (FOMC)

FOMC (Federal Open Market Committee) is the branch of the United States Federal Reserve that determines the course of monetary policy. FOMC announcements inform everyone about the US Federal Reserve’s decision on interest rates and are one of the most anticipated events on the economic calendar. The FOMC may decide to increase, decrease or keep interest rates steady, having a tremendous effect on currency values. The FOMC’s Board of Governors is composed of seven members and five reserve bank presidents.

FOMC News & Analysis

Post-FOMC Levels Holding USD for Now; JPY-crosses Begin Breakdown
The Japanese Yen is fighting its seasonal tendancies, which bodes poorly for USDJPY.
EURJPY Long Scalps at Risk Below FOMC High- Interim Support 130.60
The EURJPY rebound is approaching resistance challenged last week with the longs vulnerable sub-131.80. Here are the updated targets & invalidation levels that matter.
USD/JPY Fails to Hold Post-FOMC Low- 118.20 Up Next?
The failure to hold the low following the FOMC meeting may spur a further decline in USD/JPY especially as the bearish RSI momentum takes shape.
Dollar Staves Off Another Reversal Risk
The Dollar took another stab at turning its eight-month bull trend this past session. However, this time around, there wasn’t a FOMC rate decision to focus the move.
Video: Dollar Weighs Heavily on Floor of its Eighth Month Bull Trend
While some of the majors have already slipped beyond short-term Dollar-support levels; the key hurdle still stands. We have moved up once again to the floor of the Dow Jones FXCM ...
Webinar: Scalps Favor Dollar Correction- EUR/USD Eyes FOMC Highs
Archive to today’s Scalp webinar & highlighted setups ahead of key US event risk this week. Here are the updated targets & invalidation levels that matter.
Copper Climbs, Testing Resistance Ahead of China’s PMI Release
Elevated by a dovish FOMC statement and temporary mine blockade, copper now faces resistance ahead of China's PMI release.
Dollar Trend at Risk and Volatility High Following FOMC Meeting
The Federal Open Market Committee (FOMC) meeting this past week certainly set off fireworks in the financial market.
Dollar Trend at Risk and Volatility High Following FOMC Meeting
The Federal Open Market Committee (FOMC) meeting this past week certainly set off fireworks in the financial market.
Gold Carves Weekly Outside Reversal Post FOMC
Gold prices are sharply higher this week with the precious metal advancing 2.14% to trade at 1183 ahead of the New York close on Friday.