How Will The Fed’s Meeting Affect the US Dollar?

the fed building
Written by Mike Hammer

With January earnings season now firmly in the rear view mirror and March Madness upon us, what will drive the markets this week?  (Yes, Brexit will play a part. But no sane person seriously expects any clean-and-clear decisions on that anytime soon. Although now that journalists are hounding rock stars about it, who knows.) Well, it’s our old friend the Fed to the rescue, of course.

This is a “minor” Fed week, just consisting of a policy meeting, but as usual, there will be reporting out of it that’s expected to bounce the US Dollar around a bit. So in a minor vacuum of news that will probably be the big driver this week. Life can’t always be fireworks and proposals, and sometimes it’s nice to just take a break. Remember that when there is little “actual” news, even minor news can shake the markets.  The USD is looking down heading into the market open today, we’ll see where it goes from here.

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About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as continuing themes. Mike graduated with a business degree and spent years as a financial advisor, before moving to New York and to pursue a career in IT and education. For more than a decade Mike has been working with the Adam Mesh Trading Group as a stock market and commodities mentor. He’s trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to educational webinars.

Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keeps him in touch with "the student mindset".

Mike focuses on the precious metals markets, the energy industry, and the financial sector. His motto is "Plan your trade, then trade your plan!"

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