United States Purchasing Managers’ Index Will Move The Dollar
United States Institute for Supply Management (ISM) will release services Purchasing Managers' Index (PMI) on October 5, 17:00 GMT+3.
Will There Be Any Changes in US Monetary Policy?
What will happen?
The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28.
It is the primary tool the FOMC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes.
Federal Reserve’s latest quarterly forecast on June 16 indicated the potential for earlier-than-expected rate hikes. That made traders rush into the USD.
How to trade on the FOMC statement?
- If the Fed sounds worried about the US economic outlook and says that monetary stimulus must stay for a longer period, the USD will fall.
- Otherwise, the greenback will get a chance to strengthen.
Instruments to trade: EUR/USD, US500, US100.
Similar
Manufacturing Data May Shake the USD
The United States will publish the ISM Manufacturing PMI on September 1, at 17:00 MT time (GMT+3).
How Will USD React to US Consumer Confidence?
What will happen? US consumer confidence will be announced at 5:00 MT (GMT+3) on Tuesday, July 27…
Latest news
What will move the market on October 18-22?
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
Gold Skyrocketed, USD Dropped. What Drives The Market Today?
The Fed is ready to start tapering in November. Since the markets were expecting this and it wasn’t a surprise, the USD slumped allowing risk-on currencies and gold to rally up.
High-Impactful Event for Forex: US Retail Sales
US Retail Sales will be out on October 15 at 15:30 MetaTrader time (GMT+3).
Deposit with your local payment systems
