
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
Federal Reserve will make a statement on November 3, 20:00 GMT+2. There we will hear about Fed’s view on the current economic situation, tapering plans, and other hawkish or dovish tones. The FOMC usually changes the statement slightly at each release. Traders focus on these changes. In 30 minutes FOMC will hold a press conference that lasts about an hour long and has 2 parts - first, a prepared statement is read, then the conference is open to press questions.
First, this statement is the primary tool the FOMC uses to communicate with investors about monetary policy. The decisions made this day not only add volatility to the market but also can change the game. For example, when FOMC started to talk about tapering seriously (August-September 2021), S&P 500 had a 6% correction that lasted for more than a month. Second, the questions at the press conference often lead to unscripted answers that create even more volatility.
The main affected assets are US 500 (S&P 500) and US 100 because tapering news affects the stock market directly. Also, gold tends to have an inverse correlation with USD, and USD tends to rise on tapering plans.
Check the economic calendar
Instruments to trade: EUR/USD, US 500, US 100, XAU/USD.
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
The US Consumer sentiment will shake the market today. We are back with more news for you to enjoy!
Today, the US Inflation release at 15:30 GMT+3 will determine the further destiny of the major pairs and gold. The event is highly impactful, as the Federal Reserve will make decisions regarding further rate hikes based on it. Also, we brought you some news about XAUUSD and GBPUSD. Stay tuned!
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