
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
The Fed Chair Jerome Powell will testify on the Semi-Annual Monetary Policy Report before the House Financial Services Committee on June 22-23 at 17:00 GMT+3. During this event, the head of the Federal Reserve will highlight current Fed monetary policy, comment on challenges and provide forecasts. After the session, the committee will hold a question and answer session.
The testimony is scheduled for the next week after the FOMC Meeting. As a result, we expect Mr. Powell to tell what impacted Fed's decision and share hints on the future US regulator's monetary policy.
Usually, the speeches by Fed Chair Powell result in volatile movements of the USD pairs. For example, in the picture below, you can see how the US dollar strengthened in the short term after Jerome Powell's words. If you traded one lot of EURUSD on May 24, you could have earned around $200.
Watch the testimony, track the comments by Fed Chair Powell, and follow the direction of the USD.
Instruments to trade: EURUSD, GBPUSD, USDJPY
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
We prepared an outlook of major events of this week. Check it and be ready!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
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