This Wednesday will be heaven for day traders. A considerable number of events will make the market volatile. Don't miss it!
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.
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The G20 summit and the US PPI release gave us a lot of volatility to trade on. Luckily, today’s markets may be even more volatile with new vital releases and geopolitical decisions. The daily news report will surely help you!
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
Hello, dear traders! We hope you have a great day! Let’s see what news is worth following today! Market closing US stock exchanges will be closed due to the Thanksgiving holiday…
Today, two events will shake the US dollar. First, at 16:45 GMT+2, Markit, a statistical company, will release the US Flash Services PMI. Moreover, at 21:00 GMT+2, the Federal Reserve will release its meeting minutes.