Live Event: FOMC Decision Will Help Decide USD Trend if Not Volatility
• This is an event that contadicts an early GDP release for yield forecast and amplifies possible 'risk off'
• A risk aversion lean is a high risk going forward and the dollar may outperform certain counterparts
Do you want to trade an just the dollar and/or its broader fundamental trends - like its yield forecast or risk trends? Use the Mirror Trader Currency Baskets to place a trade.
Watch the recording of John Kicklighter's coverage of the FX market's reaction to FOMC rate decision. On the heels of a surprisingly weak 1Q GDP report, the Fed was surprisingly optimistic about the future - so much so that they have maintained their bullish outlook for growth with the pace of Taper in check and traders' rate hike forecasts untouched. The immediate reaction to this was remarkably quiet, but don't expect this not to weigh in on the greenback and risk appetite trends going forward.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.