What will happen? US consumer confidence will be announced at 5:00 MT (GMT+3) on Tuesday, July 27…
Wait for the inflation data for the US
The USA will release the levels of CPI and core CPI on August 13, at 15:30 MT time.
Consumer prices represent the change in the price of goods and services purchased by consumers. They are an important part of overall inflation. Central banks rely on this data while making decisions concerning their interest rates. Last time, the headline CPI advanced by 0.1%. The core CPI, which excludes the prices for food and energy, rose by 0.3%.
• If the actual figures are higher than the forecasts, the USD will rise;
• If the actual figures are lower than the forecasts, the USD will fall.
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.
All eyes are turning to the Federal Reserve and the US dollar. How to trade XAU/USD, EUR/USD, and GBP/USD?
This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…
The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…