What will happen? US consumer confidence will be announced at 5:00 MT (GMT+3) on Tuesday, July 27…
Will the USD be supported?
The United States will publish the level of its CPI and core CPI on May 10, at 15:30 MT time.
The consumer price index represents an important part of the overall inflation of the country. According to the forecasts, the headline consumer inflation will advance by 0.4%. At the same time, its core level is expected to increase by 0.2%. As usual, higher figures will boost the USD.
• If the indicators are greater than the forecasts, the USD will rise;
• If the indicators are lower than the forecasts, the USD will fall.
The OPEC meeting and the US Nonfarm Payrolls rocked the market last week. The market is torn between optimism about the global economic recovery and concerns about the new coronavirus strains.
All eyes are turning to the Federal Reserve and the US dollar. How to trade XAU/USD, EUR/USD, and GBP/USD?
Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Hong Kong stock index extended a decline sparked by China’s tech crackdown. Tesla posted better-than-expected results. Jump in!