Markets Ahead of Fed Meeting
That day has come, guys! The Fed will hold a meeting at 21:00 GMT+3. It can be a highly impactful event. The markets expect the bank to hint about the timing of tapering.
Weekly Update on Employment: Focus on the USD
What will happen?
The United States will release the weekly Unemployment Claims on Thursday, at 15:30 MT time (GMT+3). This indicator shows the number of individuals who filed for unemployment insurance for the first time during the previous week. This release provides the freshest insight into the situation in the US labor market. Based on its change, traders may suggest the level of the next non-farm payrolls.
How to trade on the US Unemployment Claims?
Traders need to focus on the data in the economic calendar. After the figures are published, they need to compare them with analysts’ consensus.
- If the unemployment claims are lower than the forecasts, the USD will be pushed up;
- If the unemployment claims are higher than expected, the US dollar will be pressed.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY
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Key Market Driver: FOMC Statement
The FOMC, a committee within the Federal Reserve, will hold an important meeting and press conference on September 22 at 21:00 MT time (GMT+3).
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German Ifo Business Climate
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What to expect from Microsoft event?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
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