What will happen? The US Q2 Gross Domestic Product will be announced at 15:30 MT time (GMT+3) on Thursday, July 29…
Euro zone investor morale reaches 10-year maximum in October
In October, investor sentiment in the euro zone tacked on more than anticipated, reaching a 10-year maximum in its first outcome since Germany held national elections just two weeks ago, as a poll disclosed on Monday.
The Frankfurt-based Sentix research group's euro zone index rallied to 29.7 points versus September’s reading of 28.2. The October outcome confounded a consensus forecast of 28.5 in a Reuters survey of experts.
Investors generally appreciated the euro zone's current conditions, with a sub-index soaring to 41.8 versus September’s reading of 39.8.
The first economic test after the German parliamentary elections is considered to be successful by experts. The global economic engine keeps gaining strength.
Hopes for economic developments in the euro zone went up to 18.3, adding from 17.3.
Nevertheless, experts point to considerable potential for disappointment given a currentl power vacuum in Berlin.
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!
Hong Kong stock index extended a decline sparked by China’s tech crackdown. Tesla posted better-than-expected results. Jump in!
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!