{"id":2338,"date":"2020-04-29T12:54:00","date_gmt":"2023-03-31T20:18:53","guid":{"rendered":""},"modified":"2024-05-29T10:33:01","modified_gmt":"2024-05-29T10:33:01","slug":"federal-reserve-meeting-in-focus","status":"publish","type":"post","link":"https:\/\/blog.zulutrade.com\/fr\/federal-reserve-meeting-in-focus\/","title":{"rendered":"Federal Reserve Meeting in Focus"},"content":{"rendered":"

After two emergency meetings in March, the regular Federal Reserve meeting will take place today. Investors believe that FED will provide assurances like leaving the interest rates unchanged for months or even years as a measure to contain the coronavirus damage on the economy. Additionally, FED should analyze the strategy on their bond-buying plan though it’s doubtful to announce a new emergency plan. Heading to the earnings news, Airlines and Cars companies were hammered by COVID-19. Daimler announced a 78% drop in the 1st quarter while Volkswagen estimates a big fall in earnings this year. Airbus, Chief Executive Guillaume Faury <\/span>said <\/span><\/a>that this is the “gravest crisis the aerospace industry has ever known” as the planemaker reported 49% drop for the 1st quarter.<\/span><\/p>\n

Heading to the technicals, GER30 (DAX) is moving above 50SMA while the ABCD pattern is still valid. UK100 (FTSE) is also moving near 50SMA however it’s still below the 50% Fibonacci level. SP500 is heading to major resistance at the 61.8% Fibonacci level. NAS100 (Nasdaq) that still remains the stronger index, it is still consolidating below 9000 level. <\/p>\n

CopyTrade with ZuluTrade<\/span><\/a><\/p>\n

GER30 daily chart
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<\/span><\/p>\n

UK100 daily chart
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SP500 daily chart
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NAS100 daily chart
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Heading to the forex market, EURUSD failed to close above 20SMA yesterday but it’s back on track again. If the pair violates the triangle to the upside, this may be a bullish signal. GBPUSD looks weaker than the fiber as 61.8% remains a strong resistance. GBPJPY is approaching a make or break level and traders must be careful.  <\/p>\n

CopyTrade with ZuluTrade<\/span><\/a><\/p>\n

EURUSD daily chart
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<\/span><\/p>\n

GBPUSD daily chart
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GBPJPY daily chart
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Checking the<\/span> ZuluTrade’s Traders Sentiment<\/span><\/a>, the community is buying USDCAD while is selling EURUSD, USDJPY, USDCHF, and GBPJPY.<\/span><\/p>\n

In focus today<\/span> (<\/span>economic calendar<\/span><\/a>):<\/span><\/p>\n

United States Fed Interest Rate Decision<\/span><\/p>\n

United States FOMC Press Conference<\/span><\/p>\n

Disclaimer<\/strong><\/span><\/p>\n

The views expressed do not constitute investment or any other advice \/recommendation \/suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of<\/span> ZuluTrade Social Trading Platform<\/span><\/a> and do not constitute an offer or invitation to anyone to invest or trade.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

After two emergency meetings in March, the regular Federal Reserve meeting will take place today. Investors believe that FED will provide assurances like leaving the interest rates unchanged for months or even years as a measure to contain the coronavirus damage on the economy. Additionally, FED should analyze the strategy on their bond-buying plan though […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2338","post","type-post","status-publish","format-standard","hentry","category-market-view"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1716978782:4"],"rank_math_primary_category":["2"],"_edit_last":["4"],"rank_math_seo_score":["16"],"rank_math_og_content_image":["a:2:{s:5:\"check\";s:32:\"6a33df242952e5de3d63100681f30854\";s:6:\"images\";a:7:{i:0;s:55:\"\/image.axd?picture=\/2020\/2942020\/GER30Daily 2942020.png\";i:1;s:55:\"\/image.axd?picture=\/2020\/2942020\/UK100Daily 2942020.png\";i:2;s:56:\"\/image.axd?picture=\/2020\/2942020\/SPX500Daily 2942020.png\";i:3;s:56:\"\/image.axd?picture=\/2020\/2942020\/NAS100Daily 2942020.png\";i:4;s:56:\"\/image.axd?picture=\/2020\/2942020\/EURUSDDaily 2942020.png\";i:5;s:56:\"\/image.axd?picture=\/2020\/2942020\/GBPUSDDaily 2942020.png\";i:6;s:56:\"\/image.axd?picture=\/2020\/2942020\/GBPJPYDaily 2942020.png\";}}"],"rank_math_analytic_object_id":["203"]},"pll_post_group":null,"_links":{"self":[{"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/posts\/2338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/comments?post=2338"}],"version-history":[{"count":1,"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/posts\/2338\/revisions"}],"predecessor-version":[{"id":4032,"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/posts\/2338\/revisions\/4032"}],"wp:attachment":[{"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/media?parent=2338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/categories?post=2338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/tags?post=2338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}