FOMC

The next FOMC Interest Decision and Press Conference will be held on 3-4 May 2022.

The market continues to be very volatile throughout the whole of April 2022. Not only disappointed earning releases from giant companies like Netflix and Amazon cause the US stock market to drop significantly but Russia’s decision to stop their gas supply to Europe has caused EURUSD to drop to a level that is lower than the covid crash in Mar 2020. The low during the covid crash is 1.0637 and EURUSD closed yesterday at 1.0543.

The next FOMC Interest Decision and Press Conference will be held on 15-16 Mar 2022.

In the current market, there are way too many uncertainties such as the Russia-Ukraine war, a new 40 years high Inflation rate of 7.9%, FOMC decision on the speed of rate hike, sanctions between Russia and other countries, extreme volatility in the commodities market. Hence, it is time for us to be cautious again.