
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
Wednesday will please traders as many economic indicators will be out! The USA, UK, and Euro Area will release PMI reports on June 23 from 10:15 to 16:45 MT. The full schedule is presented in the picture below. What to expect? All the countries are gradually recovering from the Covid-19 pandemic crisis, thus, in general, the figures are getting better and better. However, the UK has tightened the social distancing rules as virus cases continue to rise, so its data can come worse.
The good thing about these releases is that they are easy to interpret.
One more tip! Ahead of the release, determine support and resistance levels for the pairs that have the needed currency in them (for example, for EU PMI report – EUR/USD). If the difference between the forecast and the actual number is big, the price will likely break those levels.
Instruments to trade: EUR/USD, EUR/GBP, GBP/USD
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
Lagarde says difficult times have come, and the ECB raised the rate not to cause a recession but to stabilize prices. Read the report to learn the freshest news of the day!
ECB is ready to take the decision about the key rate. What to expect from officials? Oil prices are high, and economy indicators demonstrate the slowing down in the strongest European economies.
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!