Viewing entries tagged
federal funds rate

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Analysis on forex news trading EURUSD, USDJPY and GBPUSD on FOMC federal funds rate, statement and projections data, 121 pips profit in 7 minutes

According to our analysis EURUSD, USDJPY and GBPUSD moved 121 pips on FOMC statement and projections data yesterday. There was no change in the federal funds rate yesterday. As also announced in January less likely adjustments (raising) of the federal funds rate in the near future was another time the trigger for the US dollar losses against major currencies. Please find the exact phrases from the January and March statements below. The projection data supported this statement, median federal funds rates for 2019, 2020 and 2021 were reduced by 0.5 percent each.

Year201920202021Longer run
Median federal funds rate2.42.62.62.8
December projections2.93.13.12.8
In light of global economic and financial developments and muted inflation pressures, the Committee will be patient as it determines what future adjustments to the target range for the federal funds rate may be appropriate to support these outcomes.
— Federal Open Market Committee, 20/03/2019
In light of global economic and financial developments and muted inflation pressures, the Committee will be patient as it determines what future adjustments to the target range for the federal funds rate may be appropriate to support these outcomes.
— Federal Open Market Committee, 30/01/2019

Start forex news trading with Haawks G4A low latency machine-readable data today, FOMC data includes federal funds rate, statement and projections.

EURUSD (50 pips)

Chart_EUR_USD_Ticks_snapshot.png

USDJPY (43 pips)

Chart_USD_JPY_Ticks_snapshot.png

GBPUSD (28 pips)

Chart_GBP_USD_Ticks_snapshot.png

Charts are exported from JForex (Dukascopy).

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62 pips profit in 1 minute on FOMC statement

According to our research EURUSD, USDJPY and GBPUSD moved 62 pips on FOMC statement data yesterday. There was no change in the federal funds rate and no projections data released yesterday. Less likely adjustments (raising) of the federal funds rate in the near future triggered the losses of the US dollar against major currencies.

In light of global economic and financial developments and muted inflation pressures, the Committee will be patient as it determines what future adjustments to the target range for the federal funds rate may be appropriate to support these outcomes.
— Federal Open Market Committee, 30/01/2019

Start forex news trading with Haawks G4A low latency data today.

EURUSD (31 pips)

Chart_EUR_USD_Ticks_snapshot.png

USDJPY (11 pips)

Chart_USD_JPY_Ticks_snapshot.png

GBPUSD (20 pips)

Chart_GBP_USD_Ticks_snapshot.png

Charts are exported from JForex (Dukascopy).

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