Testimony by the Fed Chair Powell: upbeat for the USD?
The head of the Federal Reserve Jerome Powell will testify on the Semiannual Monetary Policy Report on Tuesday and Wednesday
Important indicators may push the GBP up
Great Britain will release the level of GDP growth and manufacturing production on August 9, at 11:30 MT time.
The level of GDP growth measures the economic activity of a country. Last time it advanced by 0.5%, which was in line with the forecast. Analysts expect the indicator to remain at the same level this time. As for manufacturing production, which represents the value of output produced by manufacturers, it increased by the lower-than-expected 1.4% (vs. the forecast of +2.2%). According to the forecasts, the indicator will decline by 0.1% during Friday's release.
• If the actual figures are higher than the forecasts, the GBP will strengthen;
• If the actual figures are lower than the forecasts, the GBP will weaken.
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NFP: three magical letters for your capital
The United States will publish the non-farm employment change, also known as non-farm payrolls (NFP) at 15:30 MT time on February 7.
An important indicator for the USD strength
The level of non-manufacturing PMI for the United States by the Institute of Supply Management will be published at 17:00 MT time on February 5.
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The FOMC meeting: any surprises for the USD?
The Federal Open Market Committee will publish its meeting minutes on February 19, at 21:00 MT time.
Important events on February 17-21
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
TESLA needs more money
Tesla stock drops in premarket trades on Thursday. Why? See the article (it's short) and use it to your advantage.
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