- Analytics
- Market analysis
- Market Opinions
- WEEKLY REVIEW: The Fed’s interest rates remain in focus, but an interest rate hike in March is unlikely
WEEKLY REVIEW: The Fed’s interest rates remain in focus, but an interest rate hike in March is unlikely
A testimony by the Fed Chairwoman before U.S. Congress was in focus this week. She was cautious. Yellen noted that further interest rate hikes will depend on the incoming economic data, adding that there is a risk from developments abroad to the U.S. economy. The Fed chairwoman noted that "financial conditions in the United States have recently become less supportive of growth".
It is likely that the Fed will not raise its interest rate in March if the U.S. economic data will not improve significantly in February and in the first half of March.
Oil prices remained volatile and will likely have an impact on the Fed's monetary policy decision. Market participants hope that oil producers will cut their oil output and stabilise the oil market.
Oil prices will remain volatile until a deal on an oil output cut is reached.
It is likely that the currency pair EURUSD will rise toward the resistance level at $1.1400, if the U.S. economic data will be negative or there will be negative news from China and no negative news from the Eurozone.
If the U.S. economic data will be positive and in case of the negative news from the Eurozone, the currency pair EURUSD may test the support level at 1.1161 or at level at 1.1100.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
