#FOMCWatch The meeting of the Federal Open Market Committee (FOMC) is one of the most significant economic events closely monitored by financial markets, as it results in monetary policy decisions regarding interest rates and future economic trends in the United States. Meetings typically occur every 6 weeks, and an official statement is released afterward, followed by a press conference with the Chair of the Federal Reserve.

The importance of the FOMC meeting stems from its direct impact on the US dollar (USD$) and all currency pairs associated with it, such as EUR/USD and USD/JPY, as well as on gold prices, stocks, and cryptocurrencies. For instance, an increase in interest rates can lead to a strengthening of the dollar against other currencies, which puts pressure on other assets like gold and bitcoin.

Traders use this event to forecast market trends, and it is referred to as #FOMCWatch , as it represents "cautious monitoring" of any changes in the central bank's tone or forecasts regarding inflation and growth. Therefore, a precise understanding and analysis of the statement is key to making informed trading decisions.