PMI reports from the EU, the UK, and the USA will be released during the day!
CPI is the most important inflation data that affects the Central Bank’s monetary policy. The Bank decides whether to raise the interest rate or not by considering inflation figures. As a result, it’s obvious that the market pays great attention to the CPI economic indicator.
The UK CPI data will be out at 11:30 MT time on August 15. In times of uncertainties around the Brexit deal, the GBP needs support from positive economic data.
• If the data is greater than the forecast, the GBP will rise.
• If the data is weaker than the forecast, the GBP will fall.
Check the economic calendar
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.
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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!
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!