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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money.
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Trade the FOMC meeting

The Federal Open Market Committee (FOMC) will meet on 29-30 January to determine interest rates in the US. Find out more about this meeting and how you can trade it with Saxo.

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Range of opportunities

Access a wide range of dollar crosses, US stocks and bonds, or go long or short with CFDs on major indices.

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Trade EURUSD and GBPUSD for as little as 0.4 points, US stocks from USD 3 commissions, and the US 30 from 1.4 points.

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React to the latest FOMC developments from your desktop, tablet or mobile, and benefit from innovative risk-management tools.

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Receive technical assistance, news and analysis and access to personal sales traders whenever markets are open.

What’s expected at the next FOMC meeting?

What’s expected at the next FOMC meeting?

In the final FOMC meeting of 2018, the central bank raised interest rates from 2.25 percent to 2.5 percent. The Fed included in its statement that further “gradual” rises would be appropriate but lowered its projections to two hikes in 2019.

The markets are therefore expecting a pause on interest rates when the FOMC meets on 29-30 January. However, an unexpected hike or cut, or even the tone of the accompanying minutes, could produce a reaction from the markets.

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Key markets to watch

Forex

Pay close attention to dollar crosses as the FOMC prepares to announce its decision. In general, higher interest rates increase the value of a country’s currency, while lower rates weaken it.

Indices

A rise in interest rates tends to negatively impact the stock market, as businesses and consumers will cut back on spending. Keep a close eye on the S&P 500, Dow Jones and Nasdaq indices.

Bonds

Any rate change will directly impact US bonds, as there is an inverse relationship between bond prices and interest rates. That means that as interest rates rise, bond prices fall, and vice versa.

Saxo’s expert view on the FOMC meeting

Stay up to date on FOMC developments with news and insights from the #SaxoStrats, our team of in-house analysts.
    Forex

    JPY: Bank of Japan adds to reasons to stay bearish yen

    Charu Chanana
    The Bank of Japan surprised dovish again, both in action and language. Intervention risks remain, but market will likely fade any yen strength.
    Macro

    Global Market Quick Take: Asia – April 26, 2024

    Charu Chanana
    US stock futures have lifted higher as tech sentiment rebounded following stronger-than-expected earnings from Microsoft and Alphabet.
    Forex

    JPY: Accelerated sell-off; can the BOJ halt yen's decline?

    Charu Chanana
    The sell-off in Japanese Yen has accelerated as USDJPY cleared the 155 hurdle. Intervention threats have been modest at best, given the strong USD could make any intervention futile.
    Macro

    Global Market Quick Take: Asia – April 25, 2024

    Charu Chanana
    Big tech was sold-off in the after-hours with Meta earnings disappointing with a downbeat outlook.

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