What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
USD: waiting for the reaction of the US purchasing managers
The United States will publish ISM manufacturing PMI on April 1, at 17:00 MT time.
Instruments to trade: EUR/USD, USD/JPY, USD/CHF
Purchasing managers' index or PMI is an indicator based on the survey of purchasing managers in the manufacturing industry. It demonstrates businesses' attitudes toward the current market situation. If the indicator is higher 50, it shows the expansion of an industry, while an indicator below 50 signals a contraction. Due to the unstable situation in the US market, the index reached only 50.1 points (vs. 50.5 points expected) last time. It pulled the USD lower in the short-term.
• If the actual level of indicator is higher than the forecasts, the USD will strengthen;
• If the actual level of indicator is lower than the forecasts, the USD will weaken.
What will happen? US consumer confidence will be announced at 5:00 MT (GMT+3) on Tuesday, July 27…
The OPEC meeting and the US Nonfarm Payrolls rocked the market last week. The market is torn between optimism about the global economic recovery and concerns about the new coronavirus strains.
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!
The Bank of England will publish a monetary policy statement and update on the interest rate on Thursday, at 14:00 MT time.