The Federal Reserve released US Federal Funds Rate that came out in line with expectation of 2.25%. In addition, the FOMC Statement data release came out on Friday at 19:00 GMT.
Marc Chandler, chief market strategist at Bannockburn Global Forex comments "Fed says little and does less. Recognizes strong economy and acknowledges moderation of business investment, with inflation near target. Nothing to do. No hint at money market pressures or weakness in housing. FOMC to market: See you in December. Gradual hikes to continue."
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| Historical Data Table: Federal Funds Rate | Economic Calendar for 13.11.2018 | ||||||||
| Date | 21.03.2018 | 02.05.2018 | 13.06.2018 | 01.08.2018 | 08.11.2018 | 9:30 AM | UK Average Earnings Index 3m/y | ||
| Actual | <1.75% | <1.75% | <2.00% | <2.00% | <2.25% | 9:30 AM | UK Unemployment Rate | ||
| Forecast | <1.75% | <1.75% | <2.00% | <2.00% | <2.25% | 23:50 PM | JPY Prelim GDP q/q | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.72856 | 0.72899 | 0.06% | AUD/USD | 59.31% | 40.69% | |||
| EUR/USD | 1.13988 | 1.14052 | 0.06% | EUR/USD | 54.47% | 45.53% | |||
| USD/JPY | 113.887 | 113.868 | -0.02% | USD/JPY | 43.95% | 56.05% | |||
| NZD/USD | 0.6775 | 0.67793 | 0.06% | NZD/USD | 46.66% | 53.34% | |||