What events to follow and how to trade during the week of July 2-6?
|CPI (consumer price index) is an important indicator of consumer inflation. The Federal Reserve takes this indicator into account when it makes decisions about the key interest rate. The Fed’s interest rate decision and monetary policy statement will be published on March 21, so the CPI release at 14:30 MT time on March 13 is highly important. If the index is higher than expected, the market’s confidence in the upcoming rate hikes will increase making the greenback go up.|
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.
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!
Read a short market wrap before trading today!
The United States will publish the non-farm employment change, also known as non-farm payrolls or NFP at 15:30 MT (GMT+3) time on August 6.
Our analyst discusses the latest news and shares his trade ideas on gold, EUR/USD, and S&P 500. Jump in!