FOMC releases expected today

Wednesday, 27 April 2011 11:48

Forex traders are anticipating FOMC's statement and Press conference which are scheduled to take place later today.  The Federal open Market Committee Statement is scheduled 8 times per year and each time statement slighty change;  this event interests forex traders as it's the primary tool to communicate with inverstors about the monetary policy.  Every statement discusses the outcome of voting on interest rates and more policy matters.  Even more importantly discussions are made about the economic outlook and clues are offered about future votes.

Federal open Market Committee (FOMC) press conference is taking place right after the FOMC statement and Funds Rates; higher than expected results for today's FOMC releases is good news for the currency.

Further details about air time according to country can be seen in the 'Forex Calendar'.