Investors Are Waiting for the Meeting of the US Fed

In the upcoming trading week, the meeting of the US Fed will be the main driver in the foreign exchange market, which will be held on Wednesday, September 20. Most experts believe that the regulator will leave the key interest rate range unchanged at 1.00-1.25%. Participants of the financial markets expect that the Central Bank will provide more detailed information and indicate the start date of the program of quantitative easing. We also recommend you to pay attention to the updated FOMC forecasts. It should be recalled that the latest economic reports from the United States were mixed.

Last week the best results were demonstrated by the pound. The growth of the GBP/USD quotations exceeded 400 points. The currency of Great Britain renewed the annual maximum. The Bank of England said that in the near future the issue of the program of quantitative easing could be raised.

The oil quotes continue to show positive dynamics. At the moment, futures for the WTI crude oil are being traded near $50.5 per barrel.

Market Indicators

On Friday, the major US stock indices showed a variety of trends: #SPY (-0.36%), #DIA (+0.06%), #QQQ (+0.34%).

Last week, the 10-year US government bonds yield rose significantly. At the moment the indicator is at the level of 2.20-2.21%.

At 18:00 (GMT+3:00) the head of the Bank of England Carney will give a speech.