FOMC to make few updated on policy - RBS

By FXstreet.com | July 27, 2014 AAA

FXStreet (Bali) - The FX Team at RBS does not expect this week's FOMC to make any significant updates to its statement’s key language.



Key Quotes



"A busy data calendar in the US should place market focus squarely on the USD and FOMC monetary policy expectations. The FOMC’s July meeting is this week and we expect it will make few, if any, updates to its statement’s key language."



"This week’s meeting does not include a new press conference or forecasts, meaning the FOMC will not have the opportunity to tailor its message regarding a communication update with additional information. At the same time, it does not appear that the FOMC’s views have changed significantly since they last met in June, as per Fed Chair Yellen’s largely unchanged Congressional Testimony."



comments powered by Disqus
Related Forex Analysis
  1. USD/JPY crashes below 106.50, more downside in store
    Forex News

    USD/JPY crashes below 106.50, more downside in store

  2. Trading Video: Is the S&P 500 Rebound, VIX Retreat a Trend or Interlude
    Forex News

    Trading Video: Is the S&P 500 Rebound, VIX Retreat a Trend or Interlude

  3. EUR/USD bulls wake up and drive pair above 1.2800
    Forex News

    EUR/USD bulls wake up and drive pair above 1.2800

  4. Strategy Video: Which is the Better Breakout Candidate - AUDUSD or EURJPY?
    Forex News

    Strategy Video: Which is the Better Breakout Candidate - AUDUSD or EURJPY?

  5. AUD/USD Range Endures With Clearer Cues From Candlesticks Desired
    Forex News

    AUD/USD Range Endures With Clearer Cues From Candlesticks Desired

Trading Center