Two important interest rate decisions for forex traders
Two important interest rate decisions for forex traders this week
FOMC interest rate decision on Wednesday, December 14 at 2:00 PM ET/1900 GMT.
It was a year ago that the FED last hiked and all investors believe they will hike again this December. Traders will be looking to see if the Fed is believing into the Trump economy, or will the FED remain cautious. The last two years has seen the Fed enter the new year with positive expectations, only to have slow growth in Q1. The market has already priced the interest rate hike
BOE interest rate decision. Thursday, December 15 at 7 AM ET/ 1200 GMT.
BOE will also announce there interest rate decision with the expectations for no change. In 2017, the market is only pricing about 30% chance of a hike by the end of the year. BOE is on alert as the UK moves toward initiating Article 50 about Brexit and it’s aftermath. As a result, the BOE will likely remain cautious in it’s Monetary Policy Summary.
Forex Pairs to watch: EUR, USD, GBP, EURUSD, GBPUSD
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