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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

Gold Outlook Remains Supportive Above 1200- All Eyes on FOMC, GDP
Gold prices are softer going into the final full week of May, with the precious metal off by more than 1.5% to trade at 1203 ahead of the New York close on Friday.
Fading Global Growth View Doesn’t Faze Equities, Yen Crosses or EURUSD
An update of global PMI data this past session reflected poorly on the outlook for economic activity. That didn't seem to upset speculators' 'long-risk' positions however. The S&a...
USD Selloff Post-FOMC Minutes May Not Last Long
The FOMC minutes did what they should have done - provoke US Dollar weakness.
Trading Video: FOMC Whiffs for Volatility, Bigger Catalysts Ahead
EURUSD traders were eyeing 1.1000 as the FOMC minutes approached this past session.
Optimistic FOMC Minutes to Fuel Bullish USD Outlook
The FOMC Minutes may spur a larger advance in the U.S. dollar should the central bank retain an upbeat tone of the economy.
EUR/USD, GBP/USD into Trend Support with FOMC Minutes Due
The FOMC minutes may appear dovish at first blush.
Walmart’s Earnings Hit by a Stronger Greenback
Walmart’s earnings missed expectations in the first quarter as the US Dollar gained; further strength in the Greenback can put further stress on US multinational profits.
Trading Video: Dollar Breaks Bear Trend, Euro and Pound Hit By Data
The prominent trends of the past month were cast in doubt this past session. Bullish moves by both the Euro and Pound were undermined by disappointing turns from the economic dock...
Has Dollar Pullback Played Out or Is It In A Lasting Bear Trend?
USDollar marked a notable break from its month-long bear trend, leading some to wonder whether a bearish correction has run its course or if this is just a hiccup in the new long-...
GBPUSD Rallies After Early UK Election Poll, NFPs Will Determine 1.5500
Volatility continues to bubble in the FX market. Greek negotiations, early UK election results and the upcoming NFPs are key events that carry serious fundamental weight in exchan...