The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?
Will the FOMC lift the USD?
What will happen?
The US Fed provides a Statement and a Press Conference on April 28, at 21:00 MT time.
FOMC is the primary source of potentially impactful information about the economic outlook in the US. Lately, we have become accustomed to the fact that the interest rate will be kept steady in the nearest future – that’s why it’s not what observers will be looking at. Rather, the details of the Fed’s message about the dynamics of the US economic recovery will be the key element. If they are encouraging, the USD is likely to rise. Otherwise, if there are doubts about the steadiness of the economic recovery process in the US, the US dollar may lose value.
How to trade the Fed’s announcement?
If optimistic projections of a steady economic recovery ahead in the US are confirmed, the USD will likely gain value on traders’ risk-on moods. A more pessimistic outlook would press on the US dollar.
- Optimistic/hawkish Fed projections make the USD rise;
- Modest/dovish Fed report presses on the USD.
Instruments to trade: EUR/USD, GBP/USD, AUD/USD, USD/CAD
Some progress in US debt ceiling talks is made, and the PMI data is out.
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
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Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
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