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)…
Will the Fed make the US dollar rise?
The release of the Federal open market committee (FOMC) meeting minutes is scheduled on February 20, at 21.00 MT time. This is a detailed record of the previous FOMC meeting, which provides the insights into the economic and financial conditions that influenced the current monetary policy by the Fed. During the last meeting, the Federal Reserve said it would be "patient" before determining its next rate move. According to the Fed Chair Jerome Powell, the current level of the interest rate is appropriate for the current state of the economy. If the release of meeting minutes contains any hints on the further steps by the Federal Reserve, the USD will be supported.
• If the FOMC is hawkish, the USD will rise;
• If the FOMC is dovish, the USD will fall.
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
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.