Fed meeting not expected to affect USD considerably - Adam Narczewski

By FXstreet.com | 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.”



comments powered by Disqus
Related Forex Analysis
  1. AUD/USD Recovery Hopes Fade With Reversal Pattern Lacking Confirmation
    Forex News

    AUD/USD Recovery Hopes Fade With Reversal Pattern Lacking Confirmation

  2. USD/JPY bulls need to take a breath before a new attack at 110.00
    Forex News

    USD/JPY bulls need to take a breath before a new attack at 110.00

  3. Crude Oil Recovers Ahead Of Inventories, Platinum Hits Multi-Year Low
    Forex News

    Crude Oil Recovers Ahead Of Inventories, Platinum Hits Multi-Year Low

  4. GBP/USD nervous below 1.6200, waiting for data
    Forex News

    GBP/USD nervous below 1.6200, waiting for data

  5. Dollar’s Current Bull Leg Strongest since Rally Through Crisis
    Forex News

    Dollar’s Current Bull Leg Strongest since Rally Through Crisis

Trading Center