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!
UK Manufacturing PMI
|In the environment of uncertainties related to the Brexit negotiations, the pound needs support from other sources. PMI is a leading indicator of the economic health. A positive reading of this indicator can be an encouraging factor for the UK currency. If the actual figures turn out to be better than the forecast ones, the GBP will strengthen its positions versus the USD and the EUR. The index will be published at 11:30 MT time ion March 1.|
PMI reports from the EU, the UK, and the USA will be released during the day!
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.
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.