What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Evergreen buck stands still
On Monday, the evergreen buck was still pressured due to the fact that market participants were still cautious right after American leader Donald Trump renewed his criticism of the major US financial institution over the weekend.
Gauging the evergreen buck’s purchasing potential against its primary peers the USD index headed south by nearly 0.1% concluding the trading session at 96.495.
On Friday, US leader dared to blame the major US bank for decelerating surge in the United States and decreasing stock prices because of its tightening monetary policy, informing on Twitter that it the major US bank had done its job perfectly that it actually has not, the Stock Market would have rallied 5,000 hitting 10,000 extra points, while GDP would have tacked on 4% versus a 3% jump.
In fact, trading is anticipated to be speed down this week due to the fact that financial markets are unavailable on Friday for the Easter holiday.
The evergreen buck managed to tack on versus the safe-haven Japanese yen. The currency pair USD/JPY headed north by 0.02% concluding the trading session at 112.00.
Aside from that, the UK pound surged, even as British Prime Minister Theresa May told that the country was making plans for a hard Brexit notwithstanding an October deadline for Britain’s departure from the European bloc. Britain had originally been due to depart from the European bloc on March 29, although the deadline has since been extended several times. The currency pair GBP/USD soared by about 0.2% ending up with 1.3108.
In addition to this, the currency pair USD/CAD went up by nearly 0.5% coming up with a reading of 1.3382. The currency pair EUR/USD rallied by 0.05% hitting 1.1306.
What will happen? US consumer confidence will be announced at 5:00 MT (GMT+3) on Tuesday, July 27…
The OPEC meeting and the US Nonfarm Payrolls rocked the market last week. The market is torn between optimism about the global economic recovery and concerns about the new coronavirus strains.
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!
What will happen? The US Q2 Gross Domestic Product will be announced at 15:30 MT time (GMT+3) on Thursday, July 29…
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!