Latest FOMC News

Much like last week, Jerome Powell will testify before the Senate Banking Committee on Tuesday. Today’s forex market outlook reveals what else traders expect.

GBPUSD struggles near 1.30 may invite more Bears. After breaking the 1.2960 area, Bulls managed to push the price near 1.30 resistance again.

Will the Bank of England will cut interest this week? What other event will drive the market this week? Stay updated with this weekly market overview.

GBPUSD is trying to overcome the market pessimism of the YouGov MRP poll. Here is the GBPUSD Fundamental Analysis of 11 December, 2019. 

EURUSD rises to weekly highs near 1.1770, ahead of crucial Eurozone data. EURUSD benefited from FOMC-led broad USD weakness and trade concerns.

This week has a bunch of economic data releases from most major countries. Besides the BREXIT uncertainties, the other vital announcements are the FOMC, Non-Farm payroll, and the BOJ rate decision. 

UK Parliament vote will be held on Saturday and investors becomes cautious of the Brexit vote. Here is the EURUSD fundamental outlook for 18th October.

The US Dollar Index is under pressure, adding to Friday’s losses and is testing fresh lows in the sub-98.00 area ahead of the opening bell in Euroland.

In a much-anticipated move, the Federal Reserve cut its main interest rate yesterday by 25 basis points.