What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
The important release may support the greenback
The United States will publish the advance GDP growth on July 26, at 15:30 MT time.
We all know that the GDP measures economic activity and shows the economic health of a country. There are three versions of US quarterly GDP releases. The advance release tends to be the most important out of them as it is the earliest one. Last time, the GDP growth improved by 3.2%. It supported the USD.
• If the advance GDP growth is higher than the expectations this time, the USD will rise;
• If the advance GDP growth is lower than expectations, the USD will fall.
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.
Read a short market wrap before trading today!
The United States will publish the non-farm employment change, also known as non-farm payrolls or NFP at 15:30 MT (GMT+3) time on August 6.
Our analyst discusses the latest news and shares his trade ideas on gold, EUR/USD, and S&P 500. Jump in!