The Federal Open Market Committee (FOMC) is the United States’ Federal Reserve System’s monetary policy-making body. The current chairman is Jerome Powell. The FOMC consists of 12 members, including the seven members of the Board of Governors of the Federal Reserve System. Why are FOMC News Events Important?
In the FOMC meeting, decisions such as interest rate hikes are discussed, as well as current economic growth, the future of fed funds, and funds rate decisions, all of these meetings count as FOMC news events. As the federal reserve is America’s central bank, a lot of decisions are undertaken by the FOMC, and therefore adept traders will be keeping a close eye on these meetings and FOMC news in order to trade dollar pairs in real time. Chairmen of the FOMC have previously come to butt heads with Presidents of the US, the most notable being George H.W. Bush and Alan Greenspan. Depending on the comments between the president and the Fed, we could see market shifts happen rather suddenly, so keep an eye out for these, as some may consider these also to be FOMC news events.
If you liked the Video, please Subscribe to our Channel. Book a Free Appointment to speak to a trader! https://www.platinumtradingacademy.co…
Are you a Beginner Trader? Do you want to Learn the correct method to make the most profit with the best Forex Trading Strategies, then you need to visit us at https://www.platinumtradingacademy.co…
Are you an Experienced Trader? Do you want to move on to the Next Level of Training? Visit our Forex Blog to get more insights on how we Trade and make maximum Pips in the FX Market! https://www.platinumtradingacademy.co…
Forex Trading System for Advanced Trader – Platinum Trading Systems is a leading Forex Trading system to provide a great advantage to retail traders to take a direction towards profitable trading. http://www.platinumtradingsystems.com/
At the heart of our continued success of the Platinum Trading System, is the highly complex Platinum Confluence Matrix.
This highly developed algorithmic Matrix makes trading a pleasure. The Confluence Matrix takes away the need to tick boxes, the need to spend time on your Technical Analysis, the need to look at multiple time frames; all of your focus can be fully applied to waiting for the Matrix to provide you with the optimum entry level for your trades. CALL +44 0207 193 2931 to know more about our Forex Trading Programmes!!
Please follow us on our Social Media Pages-
LinkedIn – https://www.linkedin.com/company/Plat…
Google Plus – https://plus.google.com/+Platinumtrad…
Twitter – https://twitter.com/PlatinumFXTS