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FED: Doves likely to have the upper hand again [Video]

The US economy looks quite good according to recent reports, with retail sales and the jobs bounce-back standing out. However, risks from Brexit and the usual Chinese scapegoat are always worrying. On this background, the Fed is unlikely to change rates nor hint about a hike in September. It is also important to remember that the US elections are coming, and this could serve to delay a hike once again. Note that the Fed will have the GDP figures, so the tone of the statement could serve as a hint for Friday’s release. A dovish tone to slightly slow the dollar’s rise is our baseline scenario.

Video preview of the Fed  decision:

Yohay Elam

Yohay Elam

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 a 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.