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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.
70% of retail CFD accounts lose moneyTrading forex carries a high level of risk
The $USD has finally found some semblance of support after a one-sided sell-off following #FOMC
support currently holding in confluent zone with a couple of fibo levels b/w 91.82 and 91.93 $DXY https://t.co/p16KrIucsN https://t.co/6NfWIBcCvD
Last week’s price action has produced a shooting star formation and yesterday’s FOMC announcement helped to extend the move, driving the USD lower as the Canadian Dollar bounces from its earlier-month lows.Get your market update from @JStanleyFX here:https://t.co/tiqAYlUxA0 https://t.co/xb08I8gwpU
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