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Week in FX AMERICAS Fed FOMC Minutes

The Fed released the FOMC minutes this week and there were strong hints that the US Central Bank will make an announcement in the coming weeks about QE3. Fed Chairman Ben Bernanke is scheduled to speak August 31st at the Jackson Hole Economic symposium, although some analysts have suggested that the cryptic “fairly soon” in the minutes might be pointing at the US Presidential elections that happen in November.

Canada’s economic releases this week were negative to the currency, but the loonie rode the USD weakness to 3 month highs as the European Leader confidence boost took the EUR to 7 week highs and weakened the USD across the board.

Below are some other highlights of the week:



EUROPE Week in FX [6]

ASIA Week in FX [7]



  • EUR Samaras-Hollande meeting
  • USD Consumer Confidence
  • EUR Harmonised Index of Consumer Prices
  • US USD Fed’s Beige Book
  • EUR Unemployment Change
  • USD Core Personal Consumption Expenditure – Prices Index
  • CAD Gross Domestic Product
  • USD Fed’s Bernanke Speech Jackson Hole Speech


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza [12]

Senior Currency Analyst at Market Pulse [13]
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

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