Key markets events. September 20 -24

Vladimir Rojas

Junior member
24 11
What will make the market volatile next week? Let’s find out the upcoming news!

September 22, 21:00 (GTM+3) - FOMC Statement

The FOMC will hold an important meeting and press conference. FOMC’s comments will hugely affect the US dollar. Most analysts don’t expect any hawkish moves from the Fed this time as the US Inflation Rate came out lower than expected, and it can ease pressure on the Fed. Last time, the Federal Reserve was dovish. Therefore, the USD weakened, and EUR/USD surged by 300 points only in 1 hour! After that, EUR/USD continued rising further as the Fed meeting has a long-term effect on the markets.

September 23, 14:00 (GTM+3) - Bank of England’s Statement

The Bank of England will hold a meeting, which will affect the British pound significantly. Last week, BOE Governor Andrew Bailey hinted that half of the Monetary Policy Committee members agree that the necessary conditions for policy tightening were met. Last time, the Bank of England left the policy unchanged, and it pressed the GBP down by 210 points. This event will affect such pairs as GBP/USD, EUR/GBP, and GBP/JPY.

September 24, 11:00 (GMT+3) - German Ifo Business Climate

Germany, the leading economy in the Euro Zone, will reveal one of the key economic indicators – German Ifo Business Climate. It is a survey of nearly 9,000 businesses that asks respondents to access the current business conditions and expectations for the next 6 months. Last time, the indicator came out worse than expected and pressed down EUR/USD by 200 points. If this time the indicator is better than expected, the EUR can rise and push EUR/USD, EUR/GBP, EUR/JPY up.

Keep in mind these changes and make Forex work for you!
Key market events. Quora Reddit 2.png
 
 
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