ISM Manufacturing PMI will be announced at 17:00 MT (GMT+2) on Wednesday, December 1.
Big day for Forex market
The FOMC will make a statement on September 16 at 21:00 MT time!
Instruments to trade: EUR/USD; USD/JPY; GBP/USD; USD/CAD
This report is significant as the Fed uses it as a primary tool for communication with investors about the future monetary policy. It includes their decision over interest rates and support measures, which are especially important in times of the coronavirus crisis. They also tell what economic circumstances have led to their resolutions.
Later on, the FOMC will hold a press conference, where officials answer unprepared questions. Therefore, they may unveil some hints for investors, which in turn will lead to fresh market volatility. Market participants usually focus on the overall tone of the statement.
- If the Fed is pessimistic and predicts the recovery slower than expected, the USD will decline.
- Otherwise, if the Fed is optimistic and says that the recovery goes along with expectations or even better, the USD will rise.
The United States will publish the Federal Open Market Committee Meeting Minutes on November 24, at 21:00 GMT+2.
Last week was not full of events, but we still saw decent moves in the charts of majors, S&P500, NASDAQ, oil, and crypto. The upcoming week will bring even more volatility to your favorite assets!
Bank of Canada (BOC) will make a statement on December 8, 17:00 GMT+2.
What will happen? NonFarm Payrolls data will be announced at 15:30 MT (GMT+2) on Friday, December 3…
OPEC-JMMC meetings will be hosted on Thursday, December 2 during the whole day.