What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
The NFP will affect the greenback
The United States will release the non-farm employment change, also known as non-farm payrolls or NFP at 15:30 MT time on July 5. NFP is considered one of the leading indicators of employment, which represents the economic activity of the country. Last time the indicator came out lower than the forecasts (75K vs 177K expected). These figures made the USD plunge. If the situation is different this time, the greenback will be supported.
• If the NFP is higher than expected, the USD will rise.
• If the NFP is lower than expected, 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.
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).
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.