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It's as a result of the FOMC

Morning to yall..... Omo, e don tey wey I dey active for this platform..

Going to be active from now on

😂😂

Make una no dey speak in parables na

What is FOMC?

Alright

Thanks

Good morning chief

Nice one

The "FOMC MEETING" is a news event in the united state

Firstly what did FOMC stands for and the meaning?

FOMC stands for Federal Open Market Committee.

It is the group within the US Federal Reserve (Fed) that makes key decisions about US monetary policy, especially:

💵 Interest rates

📈 Inflation control

🏦 Money supply and financial conditions

@able_dave

This news is about the Federal Reserve (Fed) in the United States and what its officials are thinking about interest rates.

🔎 What happened?

At the July 28–29 FOMC meeting, the Fed decided to keep US interest rates unchanged at:

3.50% – 3.75%

However, the meeting minutes released on August 19 showed something important:

3 Fed officials — Hammack, Kashkari and Logan — wanted the Fed to raise rates by 0.25% (25 basis points).

Several other officials also thought a rate hike could be necessary if inflation doesn't fall.

This means there is significant disagreement inside the Fed about whether rates should go higher.

📈 Why are they considering raising rates?

The main concern is inflation.

The minutes say:

Core PCE inflation was 3.3% in June.

Price increases were broad-based.

Unemployment was 4.2%.

Payroll/job gains had strengthened.

So the Fed is basically saying:

Inflation is still too high, and the economy/jobs are still strong enough that we may need to keep monetary policy tight.

💵 What does this mean for USD and forex?

This is generally hawkish news for the US dollar.

If traders believe the Fed is more likely to raise rates or keep rates high for longer, demand for USD can increase because higher US interest rates can make dollar-denominated assets more attractive.

So, generally:

Hawkish Fed → USD ↑

Dovish Fed → USD ↓

For example, if USD becomes stronger:

EUR/USD → potentially DOWN

GBP/USD → potentially DOWN

AUD/USD → potentially DOWN

USD/JPY → potentially UP

But this isn't an automatic signal to enter a trade. The market may have already priced the news in, and price action at the time of the release matters.

🚨 The biggest thing in this news

The important part isn't simply that rates stayed unchanged.

It's this:

Three officials already wanted a 25-basis-point hike, and several others said a hike could be necessary if inflation doesn't improve.

That makes the September 15–16 FOMC meeting particularly important.

For forex traders, FOMC meetings are very important because their decisions and statements can cause significant movements in the US dollar (USD) and currency pairs such as EUR/USD, GBP/USD, AUD/USD, and USD/JPY. Etc

@able_dave do you understand?

Yeaahh

Hm

True

Gm Gm traders

There're somethings we can talk about as traders right. There're things we still flop at or we are correcting or which is still in progress

You can answer my questions, give you in put and if you overcomed you can still tell use how you did it

Be honest: what usually ruins your trades?

A. Entering too early

B. Moving your SL

C. Overtrading after a loss

D. Taking profit too early

E. Revenge trading

F. FOMO

G. Something else

Drop a chart of one trade where your psychology affected the outcome.

So let's get it started guys

I'm not seeing your assignment oo

Gm

How e dey be broski

Make I run assign