What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Yen moves down on China trade data
On Thursday, the Japanese yen went down in Asia notwithstanding solid trade figures from China, although weaker GDP for the first quarter in Tokyo and upcoming China and Australia trade data drove market risk. Moreover, market participants also watched closely the British general election, testimony by sacked FBI director James Comey to Congress and an ECB policy review.
China posted a trade data surplus of $40.81 billion, which is narrower than the expected $46.32 billion, although wider than the $38.05 billion observed the previous month with exports soaring 8.7%, which is more than the 7.0% revenue observed and imports rising 14.8%, surpassing the 8.5% profit observed year-on-year.
Previously, Japan GDP for the first quarter led a bunch of data, with weaker-than-expected quarter-on-quarter figures, demonstrating a 0.3% revenue, compared to 0.6% observed as well as the annual tempo at 1.0% compared with the expected 2.4%.
The common currency sank to $1.1204, sliding 0.64% versus the greenback.
What will happen? US consumer confidence will be announced at 5:00 MT (GMT+3) on Tuesday, July 27…
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.
The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!
What will happen? The US Q2 Gross Domestic Product will be announced at 15:30 MT time (GMT+3) on Thursday, July 29…
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!