Greek Parliamentary Election, Mario Draghi’s speech, German Business Climate, US Durable goods orders, unemployment claims, GDP data and Janet Yellen’s speech. These are the main events for this week. Join us as we explore the market movers on Forex calendar.
Last week The U.S. Federal Reserve decided to keep interest rates unchanged, amid concerns over the global economy, market instability and muted inflation in the US. Despite the dovish tone, the Fed left the door open for a rate hike later this year. Furthermore, FOMC Economic Projections released at the same time, showed 13 of 17 policymakers expected a rate hike this year, down from 15 at the last meeting in June. The Fed also downgraded its growth forecast in 2016 and 2017. Regarding inflation rate, the FOMC expects a slow growth towards the 2% target. Will we still see a rate hike this year?
Read the rest of the article Forex Weekly Outlook September 21-25