Is the FED Data or Donald Dependent? – MM #129


Our first episode of 2017 focuses on the US: we begin from the data, with the NFP, and continue with the FED. This time, the meeting minutes were very revealing, to say the least. As usual, we preview the upcoming events.

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  1. Getting a raise, again: Average hourly earnings stole the show again, with the best y/y rise since 2009. Wages are taking two steps forward, one step backward, but this is certainly encouraging. We discuss what that tells us about the wider economy.
  2. Fed getting ahead of itself: The FOMC minutes revealed that around half the members took Donald Trump’s election promises into account. Did they get ahead of themselves? Should we expect less rate hikes? Where will the dollar go?
  3. Preview: The second week of 2017 consists of more political news than economic indicators. Donald Trump’s press conference awaits us alongside retail sales and consumer confidence, among other events.

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About Author

Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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