Important Economic Event: #US #Fed Interest Rate Decision & Monetary Policy Statement – 18:00 GMT, 29 October 2014 Big day for the US – all #market participants must be ready to respond! Signs are showing that the US economic recovery is not as great as it seems – the #USD held a three-day decline ahead of the Fed’s interest rate decision and monetary policy statement. On Tuesday, the USD also slipped into a week low against other major currencies as their #Durable Goods Orders data was unexpectedly negative, straying well away from analysts’ predictions. Market participants are now eagerly waiting for the Fed to confirm whether they will be ending their #QE programme, knowing that this was the said plan for October should the US economy continue to flourish. Amidst the #Ebola crisis and the possible global economic slowdown, many are speculating and adjusting their outlooks for the times ahead. With all things considered, it is expected that the interest rates be kept the same - at 0.25%. However should this not be the case, it may add volatility and pressure for the USD to drop. Key assets to focus on: USD/#JPY, #EUR/USD, USD/#AUD, #Dow, S&P500, #Gold [XAUUSD]
Posted on: Wed, 29 Oct 2014 14:48:10 +0000
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