News | Forex Optimum

News

News

European session review: USD weakens ahead of Fed's monetary policy announcement

TimeCountryEventPeriodPrevious valueForecastActual
06:00United KingdomRetail Price Index, m/mAugust0.5%-0.3%-0.3%
06:00United KingdomProducer Price Index - Input (YoY) August-5.7%-4.9%-5.8%
06:00United KingdomProducer Price Index - Input (MoM)August1.8%0.3%-0.4%
06:00United KingdomProducer Price Index - Output (YoY) August-0.9%-0.7%-0.9%
06:00United KingdomProducer Price Index - Output (MoM)August0.3%0.2%0.0%
06:00United KingdomRetail prices, Y/YAugust1.6%0.6%0.5%
06:00United KingdomHICP ex EFAT, Y/YAugust1.8% 0.9
06:00United KingdomHICP, m/mAugust0.4%-0.6%-0.4%
06:00United KingdomHICP, Y/YAugust1%0%0.2%
09:00EurozoneTrade balance unadjustedJuly20.2 27.9

USD depreciated against other major currencies in the European session on Wednesday as investors awaited the announcement of the Federal Reserve’s monetary policy meeting (due at 18:00 GMT) and a press conference of its Chairman Jerome Powell (due at 18:30 GMT).

The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, dropped 0.16% to 92.90.

The Fed is widely expected to leave its key interest rates and reaffirm its new, more tolerant stance on inflation, which was introduced by Chairman Powell in August and implies that rates will be kept low for a longer period.

Investors will also pay close attention to the Fed officials’ fresh economic projections. The policymakers are likely to acknowledge the latest improvements in the U.S. economy, particularly in employment, wages and business activity, but remain cautious in their new growth forecasts, reiterating that the road to recovery will be long and bumpy.

You may also be interested:

10:45 29.09.2020
RBA: Negative rates pretty much ruled out - Citibank
FXStreet reports that ahead of the Reserve Bank of Australia’s (RBA) October 6 monetary policy meeting, analysts at Citigroup believe that the Australian central bank will likely keep the policy steady while dismissing the negative interest rates talks.“RBA is in wait and see mode.”“RBA is comfortable for now with the current level of monetary stimulus.”“Negative rates pretty much ruled out.”“Risks to AUD are fat tailed: Second wave risks, Health disappointment, US election, 
10:22 29.09.2020
France consumer confidence remains unchanged in September
The INSEE reported on Tuesday that the households’ confidence in the economic situation in France was stable in September.The consumer confidence synthetic index came in at 95, unchanged from an upwardly revised 95 in August (originally 94). The latest reading was above economists’ forecasts for 94 but below its long-term average of 100. According to the report, the households' opinion balance on their future financial situation increased two points to -5 in September, while
09:56 29.09.2020
Asian session review: USD little changed ahead of first U.S. presidential debate
TimeCountryEventPeriodPrevious valueForecastActual06:45FranceConsumer confidence September959495USD traded flat against other major currencies in the Asian session on Tuesday as market participants were awaiting the first presidential debate Tuesday between the U.S. President Donald Trump and Democratic candidate Joe Biden.The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, edged down 0.02% to 94.26.The debate is scheduled to take place
Deposit
options
Trading
platform
download
Bonuses VIP