Fed Day and Underwhelming Oil – MM #176

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All eyes are on the Fed and we start from Powell’s first decision and continue to talk about falling oil prices before previewing the other events of the week. Originally published here.

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  1. Powell in Play: A rate hike is all but certain but will they upgrade the dot-plot from three to four hikes? The Fed may be hawkish in the dots but Powell may beg to differ. We discuss inflation, wages, growth, internal politics and anything that impacts the all-important decision. Things may grind to a halt before things explode afterward.
  2. Slippery oil: While petrol prices are not experiencing huge movements, the general trend is to the downside. We analyze the recent supply developments, changes in inventories, forecasts by three different bodies and more.
  3. Preview:  Apart from the Fed decision, there a few interesting indicators in the US and lots of developments in the UK.

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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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