How Much Did the US Economy Grow in Q2?
What will happen? The US Q2 Gross Domestic Product will be announced at 15:30 MT time (GMT+3) on Thursday, July 29…
Get ready for more insights by the Fed
The Federal Open Market Committee (the department of the Federal Reserve) will publish the meeting minutes on October 7 at 21:00 MT time.
Instruments to trade: EUR/USD, USD/JPY, GBP/USD
The FOMC meeting minutes is a detailed record of the previous meeting that happened on September 16. During the previous meeting, the Fed kept the interest rate at the lowest level and switched the forecasts for GDP and the unemployment rate to reflect the current downward trends. At the same time, the new policy of average inflation guidance was presented. Since then, the US dollar has got stronger, although it is still far from a recovery. If you want to see more detailed long-term forecasts from the Federal Reserve and trade the US dollar, wait for the release of the meeting minutes.
- If the Fed is not pessimistic, the USD will strengthen;
- If the Fed is pessimistic, the USD will weaken.
Similar
Gold and Bitcoin Rise, Fed is Eyed
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!
Friday Trades: EUR/USD, USD/JPY, and Gold
The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
Latest news
Trade ideas for August 2-6
What events to follow and how to trade during the week of July 2-6?
EUR/USD is Ready for Reverse, Amazon's Poor Results
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.
Weak USD, Gold and China's Stocks Recover
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!
Deposit with your local payment systems
