Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
FOMC Meeting Minutes are in Focus
Information is not investment advice
What will happen?
Federal Open Market Committee, a committee within the Federal Reserve System (the Fed), will reveal a detailed record of the most recent meeting on July 7 at 21:00 MT. Yes, the meeting itself has already passed, and the main outcome is known, but the details are still important.
The Fed surprised investors with its hawkish tone during that meeting. The central bank started a discussion of cutting bond buys and pointed to at least two interest rate hikes in 2023. Those words have pushed the USD up. Therefore, traders will watch the FOMC’s record closely to get hints on further Fed’s policy decision as it will influence the value of the US dollar, which is one of the most traded currencies in the Forex market.
How to trade on FOMC Meeting Minutes?
- If the record uncovers more Fed’s hints on policy tightening, the US dollar will rise.
- Otherwise, the US dollar will fall.
Instruments to trade: EUR/USD, USD/JPY, XAU/USD
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Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
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