Jan 9 – Economic Events Outlook – FOMC Minutes in Focus - Forex News by FX Leaders
FOMC in Focus

Jan 9 – Economic Events Outlook – FOMC Minutes in Focus

Posted Wednesday, January 9, 2019 by
Rowan Crosby • 1 min read

Markets have started to rebound and there might be more good news ahead as traders wait on the FOMC minutes.

Investors have been very jittery in recent times, thanks to the fact that the US is hiking interest rates. However, all that might change rapidly and all the focus will be on what Jerome Powell and the FOMC have to say about the state of monetary policy.

US President Trump also had a speech earlier today, speaking about the Government Shutdown and the Mexico wall. There was only a muted response to the speech as the status quo remains intact for now.

 

Major Economic Events To Watch

 

CAD – BOC Interest Rate Decision

There is no expectation of a rate hike with analysts looking at no change to official rates from 1.75%. All the attention will be on what comes from the report and press conference.

 

CL – Crude Oil Inventories

Crude Oil has fought its way back to the $50 mark thanks to hopes for the economy on the back of a dovish Fed. Also, the production side of things appears to be slowing down. We will see what the inventories have to say on the supply side today with expectations of a draw.

 

USD – FOMC Minutes

The minutes from the last meeting of the FOMC are upon us today and all the focus now turns to what will happen with future rate hikes. We had previously been expecting three hikes in 2019, but now that is clearly in doubt.

Jerome Powell has taken a dovish turn, on the back of a big fall in US equities and pressure from Washington.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Rowan Crosby // Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
Related Articles
The WTI crude oil managed to stop its previous session declining streak & regained some positive traction around well above $60.00 level...
2 days ago
Comments
0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments