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USD Weekly Forecast | technical and fundamental Analysis for DXYThe Federal Reserve's September rate decision has been discussed extensively. The most contentious topic at the moment is whether the Fed will disclose details on reducing asset purchases. The majority of FOMC members have said they expect such action to begin later this year, as agreed upon in July. This may result in a weakening of the dollar and a resurgence of risk-on sentiment in global markets. Summary Points DXY Weekly Forecast Technical & Fundamental AnalysisThe Federal Reserve's September rate decision, which has been discussed extensively, is rapidly approaching. The most contentious topic at the moment is whether the Fed will disclose details on reducing asset purchases, given that the majority of FOMC members have stated they expect such action to begin later this year, as agreed upon in July. Powell said in July that employment has not yet reached the threshold of "significant further improvement" that the Fed seeks before increasing rates. Following that, there was the dismal nonfarm payrolls report earlier this month, and it seems as if the Fed is unwilling to ease monetary policy at the moment. This may result in both a weakening of the dollar and a resurgence of risk-on sentiment in global markets. Analysis of DXY Longer term, the US dollar is likely to move higher, as we predicted in our Q3 forecast, and price action is on the verge of testing multiple significant chart watermarks. The first-quarter high is about 93.43, but the swing high of 93.20 is somewhat higher. The bar above that is the 2021 high, which is now trading at 93.73. FEDERAL RESERVE ECONOMIC DATABASE MASTERLIST _____ _____ _____ _____ _____ Summary Description of Documents Available by Year Transcripts | Detailed record of FOMC meeting proceedings Policy Statements | FOMC's public statements regarding its policy decisions Summary of Economic Projections (SEP) | Compilation of FOMC participants' economic projections Tealbooks | Economic analysis and description of policy alternatives Memoranda of Discussion (1967-1976) | Detailed account of discussion at FOMC meetings Record of Policy Actions & Minutes of Actions (1967-1992) | Precursor documents to the modern minutes Greenbooks (1964-2010) | Staff analysis of the U.S. and international economy Memos | Selected staff research and analysis provided to the FOMC Minutes (1993-Present) | Summary of issues addressed at each FOMC meeting Agendas | List of items to be covered at each FOMC meeting Beige Books | Information on current economic conditions by District Historical Minutes (1936-1967) | Records of discussions and decisions at FOMC meetings Bluebooks (1965‐2010) | Background and context on monetary policy alternatives Redbooks (1970-1983) | Qualitative view of economic developments by District Statement on Longer-Run Goals and Monetary Policy Strategy | First released in January 2012, this statement articulates the framework for monetary policy and serves as the foundation for the Committee’s policy actions
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