Talking Points:
- Today at 2PM brings the August rate decision out of the Federal Reserve. This meeting brings no accompanying press conference, nor do we get updated forecasts. With a rate hike expected at the bank’s next meeting in September along with another hike expected in December, today appears to be all about paving the way for those following rate decisions.
- Tomorrow brings the Bank of England for a ‘Super Thursday’ event in which there are strong odds of getting a move. The bigger question is what happens in the BoE’s forecasts, and whether the bank will be looking at any follow-up rate hikes shortly thereafter. Non-Farm Payrolls on Friday is shaping up to be interesting as well, as market participants will be looking for clues of continued strength in the US economy after last week’s release of 2Q GDP at 4.1%.
- DailyFX Forecasts on a variety of currencies such as the US Dollar[1] or the Euro[2] are available from the DailyFX Trading Guides page[3]. If you’re looking to improve your trading approach, check out Traits of Successful Traders[4]. And if you’re looking for an introductory primer to the Forex market, check out our New to FX Guide[5].
Do you want to see how retail traders are currently trading the US Dollar? Check out our IG Client Sentiment Indicator[6].
FOMC on Deck
Today at 2 PM Eastern Time brings the August rate decision out of the Federal Reserve[7]. Today’s meeting is all about the statement, as there is no accompanying press conference for this meeting, nor will the bank be releasing
