What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
GBP/USD has risen by more than 90 pips
The remarks by Nigel Farage during the Brexit party's election event have sent the British pound higher. Despite the disagreement with Boris Johnson's deal, Mr. Farage noted that the party would not contest 317 seats that Conservatives won during the last election.
On H4, GBP/USD has tested the 1.2897 resistance level above the crossover of 50- and 100- period SMAs. At first, bulls need to break the 1.2874 level. and push the cable towards 1.2897. The next resistance in focus will lie at 1.2926. If bears take over the market, the pair will slide downwards to the support at 1.2770.
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 Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!
What will happen? The US Q2 Gross Domestic Product will be announced at 15:30 MT time (GMT+3) on Thursday, July 29…
Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!