Will the US economy help the greenback?
The United States will release the advance GDP growth rate for the previous quarter on July 30, at 15:30 MT time.
A chance for the British pound
Great Britain will release the level of CPI on May 22, at 11:30 MT time. The indicator is considered as the most important inflation data for Great Britain, as it’s used as the inflation target of the Bank of England. Last time the indicator came out lower, than the expectations. It reached 1.9% instead of 2% anticipated by analysts. As a result, the British pound plunged. However, the current release may lead to a different outcome.
• If the actual level of CPI is higher than the forecasts, the GBP will go up;
• If the actual level of CPI is lower than the forecasts, the GBP will go down.
Similar
USD is waiting for the jobless claims!
The US unemployment claims are announced on Thursday at 15:30 MT time.
Will the Australian Monetary Policy Meeting minutes support the AUD?
The Australian Monetary Policy Meeting Minutes are announced on Tuesday at 04:30 MT time.
Latest news
Big day for USD
The US NFP will be published on August 7 at 15:30 MT time.
Main market movements on August 6
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.
GBP is in focus
Follow the BOE monetary policy and rate statements on August 6 at 14:00 MT time…
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