Forecast and levels for Dax Index - page 8

Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2023.02.02 09:20

Intra-Day Fundamentals - GBP/USD, GOLD (XAU/USD) and Dax Index: Fed Interest Rate Decision and  FOMC Statement

2023-02-01 19:00 GMT | [USD - Fed Interest Rate Decision]

  • past data is 4.50%
  • forecast data is 4.75%
  • actual data is 4.75%  according to the latest press release

if actual > forecast (or previous one) = good for currency (for USD in our case)

[USD - Fed Interest Rate Decision] = 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 :

"The Federal Reserve on Wednesday announced its widely anticipated decision to raise interest rates by another quarter point. After a two-day meeting, the Fed said it has decided to raise the target range for the federal funds rate by 25 basis points to 4.50 to 4.75 percent. The Fed also said it anticipates ongoing increases in interest rates will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time."

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GBP/USD: range price movement by Fed Interest Rate Decision news events

GBP/USD: range price movement by Fed Interest Rate Decision news events

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XAU/USD: range price movement by Fed Interest Rate Decision news events

XAU/USD: range price movement by Fed Interest Rate Decision news events

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Dax Index: range price movement by Fed Interest Rate Decision news events

Dax Index: range price movement by Fed Interest Rate Decision 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:

  1. Brainwashing. Trades: manually and using EAs (MT4)
  2. Brainwashing EAs - the thread (MT4)
  3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread 
  4. Brainwashing: system development (MT4) - the thread