US Initial jobless claims will be announced on Thursday at 15:30 MT time.
Does the Fed have any surprises for the USD?
The Federal Open Market Committee will publish the meeting minutes on August 19, at 21:00 MT time.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY
The FOMC meeting minutes represents a detailed record of the FOMC's latest meeting. It reveals the economic and financial conditions of the US economy. Based on them, the Fed members make decisions on further steps regarding monetary policy and interest rates. During the previous meeting on July 29, the Fed announced that it would continue its bond purchases to support the economy. In the statement, the regulator also mentioned that the rate would stay as low as 0.25% until officials would be confident about the economy's stability. Let's see more details in the FOMC meeting minutes.
- If the Federal Reserve is pessimistic, the USD may weaken;
- If the Federal Reserve is optimistic, the USD may strengthen.
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
China’s Manufacturing PMI will be out on Wednesday at 04:00 MT time!
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!