Market Focus

On Wednesday, 02/05/2018, the market participants will be focused on the FOMC statement and the decision on the interest rate of the US Federal Reserve. The application contains information on the results of voting on the interest rate, discussion of the current economic situation, and gives an overview of the further direction of monetary policy.

It is expected that the Fed will keep the interest rate at 1.75%. Confirmation of the forecast can cause ambiguous reaction in the market. Market participants will follow the statements of the FOMC. If there will be signals about acceleration of interest rate increases, one should expect the strengthening of the US currency.

Alexander Sivtsov