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126498
Forum on trading, automated trading systems and testing trading strategies
Press review
Sergey Golubev, 2022.07.28 07:34
Intra-Day Fundamentals - USD/JPY, GOLD (XAU/USD) and S&P 500 : Federal Funds Rate and FOMC Statement
2022-07-27 18:00 GMT | [USD - Federal Funds Rate]
if actual > forecast (or previous value) = good for currency (for USD in our case)
[USD - Federal Funds Rate] = Interest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight.
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From rttnews article :
"In a widely anticipated move, the Federal Reserve on Wednesday announced its decision to raise interest rates by 75 basis points. The Fed said it decided to raise the target range for the federal funds rate to 2.25 to 2.50 percent in an effort to achieve its dual goals of maximum employment and inflation at a rate of 2 percent over the longer run".
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USD/JPY: range price movement by Federal Funds Rate news events
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XAU/USD : range price movement by Federal Funds Rate news events==========
S&P 500 : range price movement by Federal Funds Rate news events
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Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:
Same system for MT4: