The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.
Will the Fed Surprise Investors?
What will happen?
The Federal Reserve will make a statement regarding the future monetary policy on Wednesday, June 15, at 21:00 MT time (GMT+3).
It's the primary tool the FOMC uses to communicate with investors on monetary policy. It contains policy measures such as the results of voting on interest rates. Most importantly, it gives the economic outlook and offers clues on the outcome of future votes.
Last time, the Fed statement met expectations. As a result, the US dollar decreased versus other currencies. If you traded one lot EURUSD, you could have earned more than $1050.
How to trade on the Fed Statement?
- If the statement is more hawkish than forecasted, the USD will likely strengthen against other currencies.
- If the statement is more dovish than forecasted, the USD will likely weaken against other currencies.
Check the Economic Calendar.
Instruments to trade: EURUSD, USDCAD, GBPUSD.
The US Institute for Supply Management will release ISM manufacturing PMI on July 1, 17:00 GMT+3.
The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on June 30, 15:30 GMT+3.
The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).