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!
US PCE Price Index is going out
What will happen?
US PCE Price Index will be out on Friday at 15:30 MT. This indicator is similar to the US inflation data. The only difference is that it only measures goods and services targeted towards and consumed by individuals. There is one rumor among traders. They say PCE Price Index is the Federal Reserve's favorite inflation measure. Since the Fed’s policy actions and US inflation are the hottest topics among investors these days, this indicator may attract more attention than usual.
How to trade on PCE Price Index?
The indicator will have an impact on pairs containing the USD, which is the majority of the currency pairs in the entire Forex market.
- If it is better than expected, the USD will strengthen.
- Alternatively, the USD will weaken.
Instruments to trade: EUR/USD, AUD/USD, USD/JPY
What will happen? The US Q2 Gross Domestic Product will be announced at 15:30 MT time (GMT+3) on Thursday, July 29…
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!
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.