Forecast and levels for CAC 40 - page 4
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Sergey Golubev, 2024.03.21 07:16
Intra-Day Fundamentals - EUR/USD, USD/CNH and CAC 40: Federal Funds Rate and FOMC Statement
2023-03-20 18:00 GMT | [USD - Federal Funds Rate]
if actual > forecast (or previous value) = good for currency (for USD in our case)
[USD - Federal Funds Rate] = Interest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight.
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From rttnews article :
"The Federal Reserve announced its widely expected decision to leave interest rates unchanged on Wednesday, although the central bank's forecasts suggests rate cuts are still likely later this year".
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EUR/USD: range price movement by Federal Funds Rate news events
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USD/CNH: range price movement by Federal Funds Rate news events
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CAC 40: range price movement by Federal Funds Rate news events
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Chart was made on MT5 with the following indicators from CodeBase: