All eyes are turning to the Federal Reserve and the US dollar. How to trade XAU/USD, EUR/USD, and GBP/USD?
The BOE meeting: a ray of hope for the GBP?
The Bank of England will release its monetary policy summary and announce the interest rate on September 19, at 14:00 MT time.
The market does not expect any changes to the current interest rate, which is held at 0.75%. The regulator will continue to watch the Brexit progress ahead of the deadline on October 31. Traders will be looking for potential trading opportunities in the monetary policy summary. If it contains positive information about the current economic outlook of Great Britain, this fact will be seen as bullish for the British pound. In addition, the clues on the changes to the BOE monetary policy will be in focus.
• If the Bank of England is hawkish, the GBP will rise;
• If the Bank of England is dovish, the GBP will fall.
The main bank of Russian will likely turn hawkish today. Time to sell USD/RUB?
Great Britain will publish its trade balance for April on June 11, at 09:00 MT time.
This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…
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.
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…