What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Fresh release for the US dollar
What will happen?
The United States will publish durable goods orders on May 27, at 15:30 MT time. This is an indicator of industrial activity, that shows how many long-lasting manufacturing goods (durable goods) are ordered from domestic manufacturers. Businesses and consumers generally buy durable goods when they are confident the economy is improving. This way, a rise in indicator’s figures pushes the American currency higher.
How to trade on the Durable Goods Orders?
Check the economic calendar for analysts’ forecasts. Before the release, wait for the actual figures to be published.
- If the actual figures outperform expectations, the USD will rise.
- In case of an alternative scenario, the US dollar will fall.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY
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 Reserve Bank of Australia (RBA) will hold a meeting and announce changes to the monetary policy on August 3, at 07:30 MT time (GMT+3).
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.