Main market movements on July 29
The overall market sentiment is mixed as investors await the Federal Reserve’s statement today at the evening.
Will the USD be supported?
The United States will release CB consumer confidence level at 17:00 MT time on November 27.
The level of consumer confidence demonstrates the consumer spending which is linked to the economic activity of the country. About 5 thousand households participate in the survey. They rate the current and projected economic conditions. Last month the level of confidence reached a higher-than-expected level of 137.9. According to the current economic conditions of the USA, it can happen again.
• If the consumer confidence is higher than expected, the USD will rise;
• If the consumer confidence is lower than expected, the USD will fall.
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The USD may be triggered by the Fed
The Federal Open Market Committee will make its statement and announce the interest rate on July 29, at 21:00 MT time.
How to trade on July 27?
Gold is eyeing $2 000, the EUR has reached 1.70 and other interesting market movements.
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All eyes on AUD
The RBA will make a rate statement on August 4 at 7:30 MT time.
Main market movements on July 31
The overall market sentiment is mixed as new virus cases continue rising throughout the world, but most economic indicators came out better than analysts expected. Let’s look at the main market movements.
Main market movements on July 30
The market sentiment switched to risk-off after the Fed’s Powell statement. The USD edged higher, while risker assets started falling after reaching quite high levels. Let’s have a closer look.
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