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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

US Dollar Hit Hard as FOMC Members Warn Rate Hike Pace Overstated

There were no comments in the minutes supporting Fed Chair Yellen’s 6-month timeline; AUD/USD reaches a 4-month high…

USDOLLAR May Fail to Benefit from FOMC Minutes- AUD/USD Eyes 0.9400

The FOMC Minutes may do little to prop up the Dow Jones-FXCM U.S. Dollar Index, while the AUD/USD threatens trendline resistance ahead of Australia’s Employment report.

FOMC Minutes Pose Risk as USD Breakdown Looms: GBP/USD, USD/JPY

At the March FOMC meeting, QE3 was tapered by $10B to a pace of $55B/month - still an impressive rate of monetary easing. A brief US Dollar rally ensued. Will the March meeting min...

Forex: US Dollar Hoping to Find Reprieve in March FOMC Minutes

The US Dollar is hoping to find to find a reprieve in a hawkish set of minutes from the March FOMC meeting after falling the most in six months yesterday.

Forex: Australian Dollar Outlook Hinges on Jobs Data, FOMC Minutes

The Australian Dollar will be weighing conflicting catalysts from home-grown labor market data and minutes from the March FOMC meeting.

US Dollar Prepares for Impact of NFPs Release, S&P 500 Breakout

Over the past weeks, the dollar has generated little strength from its safe haven status while its yield buoyancy following the FOMC’s third Taper lost traction.

Post-FOMC Gold Price Breakdown Gathers Pace under $1320

Gold has lost its February-March and broader 2014 uptrends, suggesting that a top may have formed at 1392 after the Crimean elections and post-FOMC.

A Vulnerable Moment for the Euro as Sentiment Evolves Post-FOMC

A sudden shift in rhetoric from the European Central Bank and the Federal Reserve put the EURUSD and the Euro more generally, in a potentially vulnerable spot for the coming days.

US Fed Speakers Follow FOMC Taper with Interest Rate Guidance

A range of Fed officials spoke following the FOMC’s meeting Wednesday, and the momentum behind the QE withdrawal and early views of the first rate hike are starting to show ...

Key Reversals on USDOLLAR, Gold Post FOMC- March Range at Risk

The US Dollar & Gold have posted impressive reversals on the back of the FOMC policy decision. Here are updated targets & invalidation levels heading into next week.