What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Sterling drops briefly in Asia
On Thursday, the British pound found itself in negative territory in Asia briefly, as traders noted Great Britain faces a hard road to keep business links in place in talks to abandon from the EU, which were formally initiated overnight.
The currency pair GBP/USD tumbled to 1.2437, retracing earlier revenues as the EUR/USD came under further selling, tumbling 0.17% to 1.0747.
The weakness in the British pound was directly related to all the uncertainty as well as questions, which arose after Great Britain started these proceedings.
The currency pair AUD/USD hit 0.14%, demonstrating 0.7659 after HIA new home sales gained 0.2% month-on-month in February. USD/JPY boasted 111.33, jumping 0.25%.
Several comments from Fed officials helped to shift traders’ focus to the prospect of extra rate lifts this year, after Fed official Charles Evans told that he’s assured that two total rate hikes this year seem safe enough.
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.
Our analyst discusses the latest news and shares his trade ideas on gold, EUR/USD, and S&P 500. Jump in!
The Bank of England will publish a monetary policy statement and update on the interest rate on Thursday, at 14:00 MT time.
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).