Market Focus

On Wednesday, 22.11.2017, the attention of market participants will be focused on the publication of the FOMC protocol. The minutes of the meeting of the Federal Open Market Committee (FOMC) is a detailed account of the committee meeting on rates held two weeks ago. The protocol provides a detailed picture of the FOMC’s position on monetary policy. That is why currency traders carefully consider it with respect to future interest rate changes.

The November protocol is likely to confirm the Fed’s plan to raise the interest rate in December this year, which will support the US dollar. One should expect the strengthening of the American within 50 points against the main competitors.

In the event that the protocols contain a softer rhetoric about further tightening of monetary policy, one should expect the US dollar to fall across the entire spectrum of the market.

Alexander Sivtsov