Busy day in the US: FOMC Statement, Federal Funds Rate and much more. Let’s see what awaits us today. In the US, Federal Open Market Committee (FOMC) Statement, It’s the primary tool the FOMC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes. Later in the US, Federal Funds Rate, is due to remain 0.25%. Short term interest rates are the paramount factor in currency valuation – traders look at most other indicators merely to predict how rates will change in the future. More in the US, Treasury International Capital (TIC) Long-Term Purchases, is about to rise by 6.4%. Demand for domestic securities and currency demand are directly linked. Also in the US, Empire State Manufacturing Index, Survey of about 200 manufacturers in New York state to rate the relative level of general business conditions, indicates improving conditions with 16.2 points. Finally in the US, Import Prices, goods and services purchased domestically is about to rise by 0.6%. In Canada, Labor Productivity, labor efficiency when producing goods and services is about to rise by 0.2%. Productivity and labor-related inflation are directly linked. For more on USD/CAD, read the Canadian dollar forecast. In Europe, The Economic and Financial Affairs Council (ECOFIN) Meetings, ECOFIN is the Eurozone’s broadest financial decision making body. The council coordinates economic policies of the 27 member states, and their decisions can have a widespread effect on the Eurozone’s economic health. Also in Europe, German Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Sentiment, Survey of about 350 German institutional investors and analysts to rate the relative 6-month economic outlook for Germany, indicates optimism with 16.2 points while the ZEW Economic Sentiment is about to be 34.5 points. For more on the Euro, read the EUR/USD forecast. In Australia, Melbourne Institute (MI) Leading Index, level of a composite index based on 9 economic indicators is due to be 0.8%. For more on the Aussie, read the AUD/USD forecast. In Japan, BSI Manufacturing Index, Survey of large manufacturers to rate the relative level of general business conditions; indicates pessimism with -8 points. Later in Japan, BOJ Monthly Report, It contains the statistical data that the BOJ Policy Board members evaluated when making the latest interest rate decision, and provides detailed analysis of current and future economic conditions from the bank’s viewpoint That’s it for today. Happy forex trading! Anat Dror Anat Dror Anat Dror Senior Writer I conceptualize, design and create multi-lingual websites. Apart from the technical work, my projects usually consist of writing content for these sites in English, French and Hebrew. In the past, I have built, managed and marketed an e-learning center for language studies, including moderating a live community of students. I've also worked as a community organizer Anat's Google Profile View All Post By Anat Dror Daily Look share Read Next EUR/USD Mar. 15 – Drifting to Lower Range Yohay Elam 12 years Busy day in the US: FOMC Statement, Federal Funds Rate and much more. Let's see what awaits us today. In the US, Federal Open Market Committee (FOMC) Statement, It's the primary tool the FOMC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes. Later in the US, Federal Funds Rate, is due to remain 0.25%. Short term interest rates are… 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.