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.
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Crude Oil Prices May Idle as the FOMC Regains the Spotlight - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2019/09/17/Crude-Oil-Prices-May-Idle-as-the-FOMC-Regains-the-Spotlight.html?utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr
My trading for today: '#Dollar, Dow and Oil Weigh Geopolitical Tension Now Vs #FOMC Ahead' https://www.dailyfx.com/forex/video/daily_news_report/2019/09/17/Dollar-Dow-and-Oil-Weigh-Geopolitical-Tension-Now-Vs-FOMC-Ahead.html?utm_source=Twitter&utm_medium=Kicklighter&utm_campaign=twr
Gold Price Outlook: Gold Clings to Support Ahead of the Fed https://www.dailyfx.com/forex/fundamental/article/drivers_of_price_action/2019/09/16/gold-price-outlook-gold-clings-to-support-ahead-of-the-fed-fomc-js52-gold-chart.html
Missed today's Cross-Market Weekly Outlook webinar?
See the recording here - https://t.co/EA9ci0wR2S
We discussed (among other things):
- #crudeoil spike after the attack on Saudi Arabia
- #FOMC rate decision
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