Fed rate decision! Potential benefit from high market volatility!

May 3, 2017

The short business week between the May holidays is not supposed to relax you – it will be filled with major economic events to the maximum. As early as today, at 18:00 GMT, Fed Chair Janet Yellen will announce the FOMC* rate decision. According to analysts, the regulator will keep the current rate at 1%, however, the commentaries, expected from Yellen, may have a significant impact on investors' sentiment in the mid-term. Anyway, the event may affect financial markets, especially the American dollar.

Time, GMT

Currency

Event

Forecast

Previous

18:00

USD

Fed rate decision

1.00%

1.00%

18:00

USD

FOMC* press conference




Given the importance of the event, the main dollar-related currency pairs may pass up to 200 points (200 pips with the quoting accuracy of 0.00001).

To have the opportunity to realize potential benefits from the news, you may create a trading account (if you do not have one already) in the Personal area, download a trading platform or use the web platform to open a position. If you need more details, please, contact your personal manager by dialing +7 495 785-96-69 (ext. 1).

Do not forget that the end of the week will be hotter than the Moscow weather - the publication of data on unemployment and the second round of the presidential elections in France are on the way!

* Federal Open Market Committee.


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Risk Warning: Trading CFDs and other speculative products, such as rolling spot forex, is risky and can result in the loss of your entire invested capital. Trading in such complex products might not be appropriate or suitable for you. In any case, please ensure that you understand the risks involved and do not invest more than you can afford to lose. Read full Risk Warning of Alfa-Forex here.

Risk Warning: Trading CFDs and other speculative products, such as rolling spot forex, is risky and can result in the loss of your entire invested capital. Read full Risk Warning of Alfa-Forex here.