
Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.
Don’t waste your time – keep track of how NFP affects the US dollar!
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The Bank of England (BoE) will share its Official Bank Rate and make a statement on monetary policy on August 4, 14:00 GMT+3. This statement is the main communication bridge between the bank and the people. It arouses much interest as it provides a valuable economic outlook with accurate data during such uncertain times.
The rate decision is usually priced into the market, so it tends to be overshadowed by the BoE monetary policy statement, which is likely to bring volatility. The BoE expects a sharp fall in inflation in 2023 and may change its rhetoric to a harsher one.
The bank decided to continue increasing the key rate at the last meeting. After the news came out, the GBPUSD pair skyrocketed. If you have opened a 1-lot trade there, your profit would have reached $3200.
Check the Economic Calendar.
Instruments to trade: GBPUSD, EURGBP, GBPJPY.
Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.
The week will have the biggest event in the US political process over the last two years. How will the elections affect the Forex market? We covered the most important news of this week in this report.
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
It’s Wednesday, my fellow traders! The day is filled with news and events you need to know, and here’re some of them.
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