Forex What Is Fomc. Federal Open Market Committee (FOMC): The Federal Open Market Committee (FOMC) is the branch of the Federal Reserve Board that determines the direction of monetary policy. FOMC comprises seven members on the board of governors and five presidents of Federal Reserve banks.
FAQs: Can currency futures help small traders? The Federal Open Market Committee meetings are vital to forex traders because this is when the US Federal Reserve announces their decision on interest rates. FOMC stands for 'The Federal Open Market Committee' in English.
The FOMC may decide to increase, decrease or keep interest rates steady, having a tremendous effect on currency values.
What makes the FOMC of real interest to currency traders is that it works closely with the Treasury when it comes to matters of forex.
Responsible for the monetary policy of the US central bank Federal Open Market Committee (FOMC). The US Dollar is the world's most traded currency and its reserve currency. Especially, if you are into the fundamental part of the forex analysis.