HomeContributorsFundamental AnalysisInvestors Assess The Results Of The Fed Meeting

Investors Assess The Results Of The Fed Meeting

The US currency strengthened against the basket of major currencies after the Fed meeting. As it became known, the regulator increased the range of the key interest rate by 25 basis points to 2.00%-2.25%, as investors expected. Yesterday, the US dollar index (#DX) closed in the positive zone (+0.06%) and continues to rise. The Central Bank published an optimistic forecast of the country’s economic growth for 2018-2019. The Fed Chairman, Jerome Powell, also said that the rejection of identifying the monetary policy as “stimulating” in the communique is not a signal of a change in the Fed’s current policy rate.

Today, during the Asian trading session, the Reserve Bank of New Zealand has also announced a decision on the interest rate. The indicator remained unchanged at 1.75%, as investors expected. The regulator plans to adhere to the current rate of monetary policy. Today, we recommend paying attention to the US news feed.

The “black gold” prices are rising. At the moment, futures for the WTI crude oil are testing a mark of $72.45 per barrel.

Market Indicators

Yesterday, there was a variety of trends in the US stock market: #SPY (-0.30%), #DIA (-0.36%), #QQQ (+0.07%).

At the moment, the 10-year US government bonds yield is at the level of 3.04-3.05%.

The news feed on the US economy on 2018.09.27:

Core durable goods orders at 15:30 (GMT+3:00);

GDP data at 15:30 (GMT+3:00);

Pending home sales at 17:00 (GMT+3:00).

We also recommend paying attention to the speeches by the heads of the ECB, the Bank of England and the Fed.

JustForex is a broker which helps people to earn on the financial markets providing them with the beneficial conditions. Being an international broker and working with clients from different countries we understand that every person is unique with his own values, no matter whether he is a trader or a partner. When our team develops the services of the company, we take into account the variety of cultures, nations, trading experience and demands of our clients. JustForex offers several trading account types with a wide choice of trading instruments and everyone can find the most suitable one according to his preferences.

Featured Analysis

Learn Forex Trading