Danske Bank analysts note that the FOMC minutes were a bit outdated after the weak ISM data and the mixed picture from the US jobs report that was released after the September meeting and thus the market reaction to the minutes was muted. Key Quotes “The minutes showed that the FOMC committee remains very divided on the number of future cuts and ‘several’ participants thought the Fed should clarify its intensions, so we could see change in the forward guidance language at the upcoming meeting.” “The Fed also discussed the liquidity conditions but we already know from Powell’s recent comments that the Fed will make an announcement in October on ‘organic growth’ in the balance sheet. We believe consumer confidence tomorrow and retail sales on Wednesday next week are going to be key for the Fed’s decision on 30 October, when we expect another 25bp cut.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Forex News Today: Daily Trading News share Read Next AUD/USD consolidates the Asian spike to 0.6760 amid trade hopes FX Street 3 years Danske Bank analysts note that the FOMC minutes were a bit outdated after the weak ISM data and the mixed picture from the US jobs report that was released after the September meeting and thus the market reaction to the minutes was muted. Key Quotes "The minutes showed that the FOMC committee remains very divided on the number of future cuts and 'several' participants thought the Fed should clarify its intensions, so we could see change in the forward guidance language at the upcoming meeting." "The Fed also discussed the liquidity conditions but we already know from Powell's recent comments… 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.
