What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Wait for updates concerning the US-EU trade deal
Friday continues to be highlighted by the news connected to the trade issues of the United States. Later today at 20:45 MT time US President Donald Trump will make an announcement concerning the trade deal with the European Union. The market will pay attention to the updates on auto tariffs. With the new fears surrounding the US-China trade tensions, it will be interesting to follow this news. Pay attention to the euro. After the unemployment rate for the US increased to 3.7%, EUR/USD rose to the resistance at 1.1095. On H4, the next resistance will lie above the 50-period SMA at 1.1137. If Trump announces fresh auto tariffs on the EU, the pair will slump to the 1.1026 level. The next support will lie at 1.0982.
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.
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.
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!