Tuesday, 20 September 2022

FOMC Decision Scenarios and Potential S&P 500, Dollar Impact

We are heading into a trading session principally defined by a heavily weighted event risk: the FOMC rate decision. Whether the central bank hikes 75 or 100 basis points matters for volatility, but the market’s course and tempo moving forward will depend heavily on the Fed’s forecasts and subsequent fundamental focus.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...