
The Reserve Bank of Australia (RBA) will release its interest rates and make a statement on August 2, 7:30 GMT+3.
The Federal Open Market Committee (FOMC) will update the Federal Funds Rate and make a statement about future monetary policy on July 27 at 21:00 MT. This is how the US manages its economy.
The Fed members have hinted that due to the massive inflation, they will raise the rate by 75 basis points again. However, there’re still plenty of rumors that the Fed’s steps could be more hawkish with a 100-point rate increase.
The previous FOMC meeting’s result didn’t bring positive news, as the probability of a recession increased. Traders weren’t that happy with the result. For example, the USDCAD lost 1210 points in the first hour. If you caught the moment and traded one lot, your potential profit could have been $1210.
Check the Economic Calendar.
Instruments to trade: EURUSD, USDCAD, USDCHF, USDJPY.
The Reserve Bank of Australia (RBA) will release its interest rates and make a statement on August 2, 7:30 GMT+3.
The Australian Bureau of Statistics will announce the Consumer Price Index (CPI) on Wednesday, July 27, at 04:30 MT.
The German Flash Manufacturing PMI will come out on Friday, July 22, at 10:30 MT time (GMT+3).
The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.
The United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on August 5, 15:30 GMT+3.
The Bank of England (BoE) will share its Official Bank Rate and make a statement on monetary policy on August 4, 14:00 GMT+3.
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