02.05.-06.05. Federal Reserve Rate Hike on Wednesday

Source: Dukascopy Bank SA
All attention during the week will be on the US Federal Reserve Rate Hike on Wednesday at 18:00 GMT. The central bank rate is forecast by the markets to be increased by 0.50%. However, a larger or smaller than expected increase could shock the markets by impacting the US Dollar's value.

In addition, at 18:30 GMT, the Federal Reserve will host a press conference, in which the decisions of the policymakers are set to be discussed.

Before the Federal Reserve, on Tuesday at 04:30 GMT, the Reserve Bank of Australia is expected to hike interest rates from 0.10% up to 0.25%.

On Thursday, at 11:00 GMT, the Bank of England is scheduled to hike interest rates. The Official Bank Rate is expected to be hiked up to 1.00% from the 0.75% level.

On Friday, the US Dollar and the Canadian Dollar are set to react to the monthly US and Canadian employment data. Among the data will be the employment changes and unemployment rates of the two countries.

The moves on the tables are measured in pips by measuring five minutes before and after an event.

Tuesday, 04:30 GMT
© Dukascopy Bank SA

Wednesday, 18:00 GMT
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Thursday, 11:00 GMT
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Friday, 12:30 GMT
© Dukascopy Bank SA

© Dukascopy Bank SA

© Dukascopy Bank SA

© Dukascopy Bank SA

© Dukascopy Bank SA

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