Risk-on is back. Market news and trade ideas on July 9
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
The FOMC meeting: any surprises for the USD?
Information is not investment advice
The Federal Open Market Committee will publish its meeting minutes on February 19, at 21:00 MT time.
Instruments to trade: EUR/USD, USD/JPY, GBP/USD
This is the department within the Federal Reserve of the United States, which is responsible for the monetary policy decisions. Three weeks after the committee announces the interest rate the FOMC releases its meeting minutes. This is the detailed record of the meeting, which contains the details of the economic and financial conditions that affected the interest rate decision. During the previous meeting, the FOMC kept its interest rate on hold at 1.5-1.75%. The main attention of the committee representatives was on gearing up the inflation. For a decent amount of time, the inflation level has been moving significantly lower the bank’s target.
• If the Fed is optimistic, the USD will go up;
• If the Fed is pessimistic, the USD will go down.
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Risk-on is back. Market news and trade ideas on July 9
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
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Canadian job data: an attractive release for trading
Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.
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