US Fed reduces stimulus

Note: This section contains information in English only.
Source: Dukascopy Bank SA
On November 3, the US Federal Reserve Federal Open Market Committee published its statement. In general, the central bank announced that it would decrease monthly asset purchases by $15 billion. Meanwhile, the Federal Funds Rate remained unchanged.

Quoting the statement: " The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and expects it will be appropriate to maintain this target range until labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time.

In light of the substantial further progress the economy has made toward the Committee's goals since last December, the Committee decided to begin reducing the monthly pace of its net asset purchases by $10 billion for Treasury securities and $5 billion for agency mortgage-backed securities."

Full Statement

Federal Reserve issues FOMC statement

On the announcement, at 18:00 GMT, the EUR/USD spiked by 26 base points. However, 15 minutes after the publication, the pair returned to trading at previous levels.

On a larger scale, the rate hit the Monday and Tuesday high levels near 1.1610 and bounced off it.

Initial Reaction

Larger scale situation

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Actual Topics

Thu, 04 Nov 2021 12:17:59 GMT

Bank of England continues monetary stimulus

On November 4, the Bank of England announced its future monetary policy. The Official Bank Rate, Bank Rate Votes, Asset Purchase Facility and Asset Purchase Facility votes were revealed. Namely, the bank published both the policy decision and how the members of the monetary policy committee voted. In general, the bank decided to keep monetary policy unchanged. However, instead of

Wed, 03 Nov 2021 17:40:35 GMT

Gold drops 1.50%

At 12:30 GMT, on Wednesday, the yellow metal's price started a drop, which lasted two hours, and gold lost 1.50% against the US Dollar. The move could be attributed to the publication of good US employment data. Namely, the ADP Non-Farm Employment Change was released at 517,000 instead of the forecast 400,000. However, the data was released at 12:15 GMT

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