Fed leaves rates unchanged as expected. 3 dissenters, a rarity. However, rate forecasts for the future have been slashed. Yellen is trying to balance confidence in the economy with waiting for more evidence, or in simpler words, less confidence. She did say that if the economy continues running its current course, the path will raise rates. She did not use these words, but the hint was quite clear. Needless to say, anything can happen until December, including a victory for Trump in the elections. The US dollar is falling but movements are relatively muted. After the initial slide, things have balanced out. Further responses are likely in Tokyo and in the European open, once a narrative is carved out. Will this be seen as a hawkish hold? The 3 dissents, the statement about a stronger case for a hike and Yellen’s confidence are reasons to see the hawkish side. The lower forecasts and the delay, once again, lean to the dovish side. All in all, the USD might emerge as “the cleanest shirt in the dirty pile”, as expected. Opinion: FOMC Decision: Quick Take: Fed To Hike In December – CIBC EUR/USD rides higher in FOMC aftermath – levels to watch Follow the live blog. The Fed was not expected to raise rates in September but the level of uncertainty was higher than usual. Despite the low chances of a hike now, Yellen and co. were projected to leave the door open for a hike in December, after the elections and hopefully with better economic data. Here is the full preview: Dollar depends on door to December. The US dollar remained strong ahead of the event, with the exception of the yen: the BOJ recalibrated its policy, yet with few immediate stimulus steps. The greenback could remain the “cleanest shirt in a dirty pile” yet the yen has the potential to surge ahead. EUR/USD has been range trading for a long time and could explode now. Join a live coverage and live blog of the event. FED Live Blog Updates are seen automatically, no need to refresh Live Coverage Join Valeria Bednarik, Mauricio Carrillo and I for a live video of the event: 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. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next FOMC Decision: Quick Take: Fed To Hike In December – Yohay Elam 7 years Fed leaves rates unchanged as expected. 3 dissenters, a rarity. However, rate forecasts for the future have been slashed. Yellen is trying to balance confidence in the economy with waiting for more evidence, or in simpler words, less confidence. She did say that if the economy continues running its current course, the path will raise rates. She did not use these words, but the hint was quite clear. Needless to say, anything can happen until December, including a victory for Trump in the elections. The US dollar is falling but movements are relatively muted. After the initial slide, things have… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
