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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

A Look At EUR/USD Before Stress Tests & The FOMC
EUR/USD rolling over?
British Pound Could Close Out Week with a Bang on UK GDP
With much of the FX market checking out through the final 24 hours of trade this week in deference to the heavy docket next week, there is one major that is still on the line for ...
WTI Bounces From 80.00 Floor, Gold Remains Vulnerable Ahead Of US Data
WTI rebounded in recent trade as bears booked profits amid reports of Saudi supply cuts, meanwhile gold remains exposed to positive US data over the session ahead.
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.