FOMC Statement (USD) – 29/10

What is it? The FOMC usually changes the statement slightly at each release. It's these changes that traders focus on.

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.

Usual Effect If the announcement will hint towards higher interest rates, you can expect the USD to rise.

When? October 29th at 2:00pm Eastern Time.

 

Trading Tip: This announcement can greatly affect the USD, make sure to make your trades before.

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