Home -
Broker -
Main body -

WikiFX Express

TMGM
SBCFX
Exness
GTCFX
XM
EC markets
FXTM
AvaTrade
FOREX.com
IC

Between hawkish hints and gold trends: What the FOMC meeting signals for traders

ThinkMarkets | 2023-10-07 17:56

Abstract:It is widely anticipated that the Federal Reserve will maintain interest rates within the range of 5.25% to 5.50% (525 to 550 basis points) during the upcoming FOMC meeting. While both economists and the markets do not foresee any changes, this meeting holds considerable significance for traders.

2w12ws.jpg

It is widely anticipated that the Federal Reserve will maintain interest rates within the range of 5.25% to 5.50% (525 to 550 basis points) during the upcoming FOMC meeting. While both economists and the markets do not foresee any changes, this meeting holds considerable significance for traders. There is a 50% chance that the Fed might increase interest rates by 0.25% (25 basis points) before the end of this year. As a result, the insights provided during this week's meeting could offer indications regarding a potential rate hike at the FOMC meetings scheduled for November 1st or December 13th. The release of the latest economic projections further adds intrigue to this week's gathering, making it more captivating than usual, especially with the inclusion of end-of-year targets.

The economy is doing better than expected

Reflecting upon the outlook released last June, the labour market is doing better than expected, while inflation is hotter. The economy needs to decelerate further for inflation to soften and the labour market to weaken, but that looks less likely today.

Leading indicators like the US Services PMI have turned positive and accelerated recently since its slump at the start of the year. The US Manufacturing PMI is still below the 50 threshold, but new orders suggest that we could lift above 50 in the next six months, and retail sales and industrial production have beat expectations in recent months. The only negative is the consistent down revisions in the Non-Farm payrolls figures. The latest figure showed that the US economy added 187K new jobs, while the prior reading was adjusted lower to 157K.

Given the current situation, it is unsurprising to see the US dollar gaining ground, and the Fed is likely to remain open to increasing interest rates.

A hawkish fed could send gold prices lower

The Fed may remain open to increased interest rates and be slightly more hawkish than expected. If proven correct, the US dollar stands to gain and gold prices to suffer. If they signal a pause, the opposite is likely to happen. Forex and gold traders wont have to open a position ahead of the meeting and opt to wait for the charts to help lead their decisions.

The gold price is the most exciting instrument in light of the Fed meeting. The price keeps drifting lower in a bullish wedge, and a break to the $1953 high or the $1884 low could start a new trend in the price of XAUUSD. A break to $1953 could lead the price to the next high at $1988, followed by this year's high of $2080. While a break to $1884 could send the price to the $1800 low.

How will you be trading gold this week? Start trading from zero spreads with ThinkMarkets.

XAUUSD Daily Chart

image.png
img_v2_b16b2b19-0b04-4bd6-9ba8-fbf10f93dacg.jpg
Forex Analysis

Related broker

Frequent Complaints
ThinkMarkets
Company name:TF GLOBAL MARKETS (AUST) PTY LTD
Score
1.74
Website:https://www.thinkmarkets.com/en/
10-15 years | Regulated in Australia | Regulated in United Kingdom | Regulated in New Zealand
Score
1.74

Read more

Pakistan Forex Reserves Reach $22.5 Billion: Why a Stable USD/PKR Snapshot is Not Yet a Trend

Pakistan forex reserves stood at $22.506 billion on 13 August 2026, while the SBP dashboard showed a USD/PKR mark to market rate of 277.5713 on 20 August. This article separates the SBP forex reserves facts from predictions about the Pakistan rupee and the forex market Pakistan.

Original 2026-08-21 20:47

Multi-Asset Liquidity Solution in 2026: Expand Instruments Without Fragmenting Execution

A multi-asset liquidity solution can help a broker support FX, CFDs, commodities, and indices through a more unified operating model. But adding asset classes can also create fragmented symbols, pricing, routing, margin rules, records, and client messages if controls are not designed first. This 2026 guide explains how a multi asset liquidity provider, forex CFD liquidity setup, commodity liquidity provider, and indices liquidity provider fit into a broker-owned execution service. It outlines the due-diligence questions, shared-control model, cost drivers, and 90-day implementation plan that help teams expand without making the execution chain harder to explain. The aim is not to promise deeper liquidity or better trading outcomes. It is to create evidence that a broker can supervise market access, trace order events, reconcile costs, and communicate consistently to the relevant clients when conditions are difficult.

Original 2026-08-21 18:42

XAU/USD Hits $4,500: Washington Bought Bonds—and Gold Exploded

Gold surged above $4,500 after the US Treasury expanded its purchases of longer-dated government bonds, pushing yields and the dollar lower. But this was not debt forgiveness or Federal Reserve money printing—it was a liquidity operation that exposed a much bigger fear: America may be finding it increasingly difficult to live with market-driven interest rates.

Original 2026-08-21 11:10

India Forex Reserves Rebound to $707 Billion: Why That Does Not Guarantee a Stronger Rupee

India forex reserves rose by $14.136 billion to $707.002 billion in the week ended 7 August 2026. This explainer separates RBI forex-reserve facts from rupee predictions, explains the role of foreign currency assets and gold, and gives forex-market readers a practical checklist before treating one headline as a trading signal.

Original 2026-08-20 21:01

WikiFX Express

TMGM
SBCFX
Exness
GTCFX
XM
EC markets
FXTM
AvaTrade
FOREX.com
IC

WikiFX Broker

FXTM

FXTM

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
DBG MARKETS

DBG MARKETS

Regulated
AvaTrade

AvaTrade

Regulated
GTCFX

GTCFX

Regulated
FXTM

FXTM

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
DBG MARKETS

DBG MARKETS

Regulated
AvaTrade

AvaTrade

Regulated
GTCFX

GTCFX

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
DBG MARKETS

DBG MARKETS

Regulated
AvaTrade

AvaTrade

Regulated
GTCFX

GTCFX

Regulated
FXTM

FXTM

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
DBG MARKETS

DBG MARKETS

Regulated
AvaTrade

AvaTrade

Regulated
GTCFX

GTCFX

Regulated

Latest News

Miri man loses RM511,406 to fake online investment scheme

WikiFX
2026-08-19 15:00

A Losing Streak Hijacks Your Judgement. Here's a 4-Step Reset

WikiFX
2026-08-19 15:00

DFSA warns of scam impersonating firm Menhir Capital

WikiFX
2026-08-19 15:00

Review 2026: STMARKET Regulation, MT5 Access, and Withdrawal Complaint Signals

WikiFX
2026-08-19 11:00

FXGM Review: A KNF Warning and Withdrawal Complaints to Check Before You Deposit

WikiFX
2026-08-21 11:30

Fiji-deported man faces charges in $165M crypto Ponzi

WikiFX
2026-08-19 15:00

Three Losses in a Row? Rebuild Clear Decisions, Not Revenge

WikiFX
2026-08-21 10:30

Warren Bowie & Smith Review 2026: Severe Withdrawal Complaints and Unregulated Risks

WikiFX
2026-08-20 13:00

Atom Group Wins DFSA Nod for DIFC Entry in Amaltas Deal

WikiFX
2026-08-19 13:00

TPFx Review 2026: An A+++ Result and an Impersonation Warning - What to Check Before Funding

WikiFX
2026-08-19 14:14

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

Auto Pilot Trade

Auto Pilot Trade

Top Chain Trade Fx

Top Chain Trade Fx

SmartCopy X

SmartCopy X

Capindexcompounding

Capindexcompounding

Prime Wealth Capital

Prime Wealth Capital

Maxcapital Pro

Maxcapital Pro

Liberty Trades Fx

Liberty Trades Fx

Primetradeview

Primetradeview

Assetshield Elevation

Assetshield Elevation

Tesla-X Balance Stock Markets

Tesla-X Balance Stock Markets