PMI reports from the EU, the UK, and the USA will be released during the day!
This economic indicator is highly important for the Bank of England’s monetary policy because it is used as the central bank’s inflation target. The higher the annual consumer inflation gets, the closer an interest hike is. As a result, if CPI growth is greater than the forecast, the GBP will have chances to go up.
The UK will release Consumer Price Index at 11:30 MT time.
UPDATE. CPI came out lower than expected. GBP/USD fell below 1.34.
Moderna rocketed after an announcement that it is going to join the S&P 500 index. The New Zealand dollar surged after the nation’s inflation surpassed the central bank’s target level.
Jump in to get the latest market news and trade ideas on gold, EUR/USD, and NZD/USD!
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Hong Kong stock index extended a decline sparked by China’s tech crackdown. Tesla posted better-than-expected results. Jump in!
This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…