What to Trade on August 22–26?
How Energy Crisis Affects German PMI August 23, 2022, 10:30 GMT+3 Germany will publish Flash Manufacturing PMI data on Tuesday, August 23, at 10:30 MT time (GMT+3)…
What to expect from FOMC?
What to expect from FOMC?
Instruments to trade: EUR/USD, EUR/GBP, EUR/JPY
This Wednesday the FOMC will give economic projections, which will have a huge impact on the Forex market. The report usually consists of Fed’s decision on interest rates and other policy measures. The Fed has already signaled that it won’t raise interest rates any time soon. In addition, it should further pump more money into the economy through its bond-buying program and ultra-cheap loans to banks. Besides, analysts expect that the central bank will emphasize downside risks amid the rising virus cases in the USA and press on Congress to act by increasing the spending. As a result, traders will expect further easing, which will drive the US dollar down. However, there is still a tiny chance that the Fed will deliver optimistic projections.
- If the Fed’s outlook is upbeat, the USD may rise.
- If the Fed’s outlook is downbeat, the USD may fall.
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FED and BOE Make Another Attempt to Beat Inflation
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
Will the UK and US Cope with Inflation?
Every week we expect many interesting events that can shake the market.
