Fed meeting not expected to affect USD considerably - Adam Narczewski

By FXstreet.com | Updated July 29, 2014 AAA

FXStreet (Łódź) - Adam Narczewski, Financial Analyst at X-Trade Brokers, XTB says that the US dollar could be affected by the Fed monetary policy statement tomorrow, but that the potential impulses shouldn’t be strong.



Key quotes



“Remember that on the July meeting there is no dot-chart presented, none new macroeconomic projections and no press conference of Janet Yellen.”



"The Fed does not like to introduce radical changes in its statement since the time when we have the meetings followed by press conferences (4 out of 8 this year, at the end of each quarter) - we can expect major changes only during those.”



“Taking all these into account, we should only expect another cut in QE (by another $10 bln) but no more.”



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Weekly Trading Forecast: Expect Heavy Seas Between NFPs, ECB and RBA

  2. Forex News

    Trading Video: Expect Volatility for the Dollar, Equities, Euro...Everything

  3. Forex News

    FX CFTC report - TDS

  4. Forex News

    CFTC Commitment of Traders Report - TDS

  5. Forex News

    2,800 pips later, EUR/USD trades below 1.1200; bias continues bearish

Trading Center