US unemployment data and the USD
The United States will publish the Initial Jobless Claims on Thursday, December 30, at 15:30 GMT+2 (MetaTrader time).
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.
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An index that will rock USD
The United States will publish the ISM Non-Manufacturing PMI on Thursday, January 6, at 17:00 GMT+2 (MetaTrader time).
News from US central bank
The Federal Reserve (FOMC), US central bank, will publish its December meeting minutes on Wednesday, January 5, at 21:00 GMT+2 (MetaTrader time).
Latest news
Is European Economy Healthy Enough?
Germany will release the flash Purchasing Managers' Index (PMI) for manufacturing and services industries at 10:30 GMT+2 on January 24.
ZEW Sentiment Will Help the Euro
Leibniz Centre for European Economic Research (ZEW) will release an economic sentiment index for Germany on January 18, 12:00 GMT+2
Pound Can Outperform the Market
Great Britain's office for national statistics will release CPI data on January 19, 09:00 GMT+2.
