What drives the market on July 1?
The market sentiment is mixed. Let’s look at most interesting movements on the market today.
Federal Reserve’s Meeting & Press Conference
| Meetings of the US central bank are among the most anticipated Forex events. September meeting is no exception. |
| The Federal Reserve will announce the Federal Funds Rate and the FOMC economic projections at 21:00 MT time on September 20. The press conference of the Fed’s Chair Janet Yellen will follow at 21:00 MT time. |
| The market is not expecting a rate hike, but looks forward to news about the Fed’s plans to unwind its massive balance sheet. Janet Yellen’s comments will likely move the market as well. |
Similar
Will the NFP push the USD again?
Non-Farm Payrolls data will be released on Thursday at 15:30 MT time.
Will the European labor dynamic boost the EUR?
The European unemployment rate will be announced on Thursday at 12:00 MT time.
Latest news
The RBA: keeping the AUD alive?
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.
What will affect markets on July 3?
The overall market sentiment was mixed after the USA recorded the largest increase in virus cases since May 9. The data even offset the better-than-expected NFP.
How to trade on July 2?
The risk-on tone is back on the market again. Let’s look at main trading opportunities.
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