Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account

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

Gold Eyes 1240 as Fed Takes a Dovish Shift
Gold prices are markedly higher this week with the precious metal rallying more than 2.5% to trade at $1221 ahead of the New York close on Friday.
FOMC Targets Strong USD in Minutes, Technicals Breakdown
EURUSD breached the daily 13-EMA above $1.2700, while USDJPY fell out of its broadening wedge below ¥108.00.
EUR/USD Pass By The German Trade Balance Data To Trade Above 1.2700
The German Trade Balance showed a smaller surplus compared to the previous month, with a limited follow through from EUR/USD.
Forex: Dollar Drops after FOMC Weighs in on Currency, But is this a Trend?
Given the S&P 500’s impressive rally and the Dollar’s tumble this past session, it would seem that we have experienced a strong sentiment push.
Equities and Dollar Ignore FOMC Growth Warning, React to Rate Forecast
Markets seem to have set their priorities. Rather than responding to repeated concerns about the outlook for growth and the stability of the financial system, investors instead jum...
US Dollar Reaches Technical Crossroads as FOMC Minutes Loom
Coincidence or not, various USD-pairs are sitting at important technical levels ahead of the week's top event risk.
US Dollar at Risk on FOMC Minutes, Aussie Down on Jobs Data Revisions
The US Dollar may fall unless minutes from September’s FOMC meeting deliver a strong hawkish surprise. The Aussie fell on fears recent jobs gains have been overstated.
Gold Faces Consolidation If FOMC Minutes Fail To Reinvigorate The USD
The precious metals may find some relief from their recent selloff as their USD counterpart searches for a catalyst to restart its engine.
3 USD Trades to Watch Ahead of FOMC Minutes
The US Dollar has retraced all of its post-NFP gains from Friday. What does this mean for the rally?
British Pound Selling to Continue on Static BOE, Hawkish FOMC Minutes
The British Pound is vulnerable to continued selling as a status-quo BOE policy announcement and hawkish FOMC minutes erode the UK unit’s yield appeal.