The FOMC Brings New Insights for the USD
The United States will publish the Federal Open Market Committee Meeting Minutes on November 24, at 21:00 GMT+2.
US ISM Manufacturing PMI
| The US dollar is experiencing high volatility. Although the Federal Reserve is gradually raising rates and this is good for the USD, concerns trade about wars are weighing on the currency. The Institute for Supply Management will release Manufacturing PMI at 17:00 MT time on April 2. PMI is a leading indicator of the US economic health. A reading above 50.0 will be positive for this indicator, and the greenback will have chances to strengthen. Moreover, positive economic data may make the Fed to raise interest rates more than 3 times this year. If the indicator disappoints compared with the forecast level, the USD will decline in the short-term. |
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What will move the market on November 22-26?
Last week was not full of events, but we still saw decent moves in the charts of majors, S&P500, NASDAQ, oil, and crypto. The upcoming week will bring even more volatility to your favorite assets!
Big Event for USD: Philly Fed Manufacturing Index
The US will release the Philly Fed Manufacturing Index – the impactful event for the USD and thus for all the major pairs. It will be out on November 18 at 15:30 MT (GMT+2).
Latest news
How will OPEC-JMMC Meetings Affect Oil Prices?
OPEC-JMMC meetings will be hosted on Thursday, December 2 during the whole day.
How Will USD React to ISM Manufacturing PMI?
ISM Manufacturing PMI will be announced at 17:00 MT (GMT+2) on Wednesday, December 1.
The Euro Awaits Indicator of Consumer Confidence
The Eurozone will publish the Indicator of GfK Consumer Confidence on November 25, at 09:00 GMT+2.
