The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
Bank of Japan’s Meeting & Press Conference
|The Bank of Japan will join central banks’ September meeting marathon. Japanese regulator is expected to continue its extremely loose monetary policy aimed at reaching 2% inflation target. The regulator’s statement will come out at 06:50 MT time on September 21, and its press conference will start at 09:30 MT time.|
|The regulator’s meetings always give USD/JPY and EUR/JPY traders opportunities to make money during the Asian session.|
Cathie Wood’s Ark Invest filed for the creation of a Bitcoin ETF. Apple and Amazon jumped and airlines and cruise operators dropped as the reflation trade waned.
Microsoft joined Apple in the $2 trillion dollar club! Follow PMI reports from the US, UK, and EU throughout the day!
The Reserve Bank of Australia (RBA) will hold a meeting and announce changes to the monetary policy on August 3, at 07:30 MT time (GMT+3).
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.