Webinar: FOMC Rate Decision Keeps Rates, Confuses Markets
- After the painful miss in May NFPs last Friday, Janet Yellen offered the last chance to alter Fed speculation
- Rate decisions are top event risk this week with the RBA and RBNZ to Brazil and Russia's policy groups
- Brexit fears are an international spectacle, but there is more risk than opportunity to global authorities
Having trouble trading in the FX markets? This may be why.
Watch the recording of John Kicklighter's coverage of the FX market's reaction to the FOMC rate decision decision. This was one of the US central bank meetings with added information in the form of Janet Yellen's press conference and the updated quarterly forecasts. The decision to hold the benchmark range unchanged between 0.25 and 0.50 percent was heavily expected by the market - with a zero percent chance of a hike seen before the event in futures - so the focus turned to the data. As expected facing high-profile risk such as the upcoming Brexit vote and the lingering concern surrounding China, the hawkish outlook was tempered. Economic, employment and inflation projections were little changed and mixed. However, it was the drop in rate forecasts that truly fueled speculation. See how the market reacted to the news and what the implications of the event are in the recording of this webinar.
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