Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!
Bank of England Meeting
|Positive economic data from the UK bring the moment of the Bank of England’s rate hike closer. At the last meeting of the central bank, 2 out of 9 MPC members voted for an increase of the interest rate. Although Governor Mark Carney has recently discouraged expectations of a rate hike in May, the regulator may still give clues on its future monetary policy. An encouraging estimation of the economy will support the pound. Follow the BOE’s report at 14:00 MT time on May 10.|
PMI reports from the EU, the UK, and the USA will be released during the day!
Moderna rocketed after an announcement that it is going to join the S&P 500 index. The New Zealand dollar surged after the nation’s inflation surpassed the central bank’s target level.
What events to follow and how to trade during the week of July 2-6?
EUR/USD retraced to 1.1870 after breaking out this level. It should be just a natural sell-off ahead of the further rally up.
The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!