What will happen? The US Q2 Gross Domestic Product will be announced at 15:30 MT time (GMT+3) on Thursday, July 29…
In September Asian factories step up output ahead of year-end spending spree
In September, factories in Asia's largest economies increased their activity because a synchronized upswing in surge worldwide pointed to firm consumption of manufactured goods heading into the productive end-of-year shopping season.
However, minor weakness in regional economies will probably make Asian key financial institutions pursue more accommodative monetary policy, notwithstanding their Western rivals are currently scaling back stimulus.
On Saturday, China's major bank cut the amount of cash, which some financial institutions require holding as reserves for the first time since February last year for the purpose of encouraging more lending to struggling smaller businesses and energizing its lackluster private sector.
The world's number two economy has defied hopes for a slowdown in 2017, leaping at a strong clip in the first half due to a construction jump.
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!
Hong Kong stock index extended a decline sparked by China’s tech crackdown. Tesla posted better-than-expected results. Jump in!
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.
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!