Canada will announce its monthly GDP on July 31, at 15:30 MT time.
Will the Fed cut its rate?
Information is not investment advice
The Federal Open Market Committee will release its statement and announce the interest rate on July 31, at 21:00 MT time. After that, the Fed Chair Jerome Powell will hold a press conference at 21:30 MT time.
The market is awaiting the rate cut. Analysts bet that the cut from 2.5% to 2.25% has a high possibility to happen. During the testimony earlier this month, Mr. Powell hinted that easing is needed to support the current economic conditions of the US. According to him, they may be affected by the worsening global economic outlook and trade tensions. The US dollar weakened after his words. Let’s see if the head of the Federal Reserve surprises the market.
• If the Fed cut the rate, the USD will weaken;
• If the Fed does not cut the rate, the USD will strengthen.
The US unemployment claims are announced on Thursday at 15:30 MT time.
The Australian Monetary Policy Meeting Minutes are announced on Tuesday at 04:30 MT time.
The market sentiment has switched to risk-on, driving upwards stocks and riskier currencies and weighing on the US dollar.
Non-Farm payrolls will be out on Friday at 15:30 MT time! Are you ready?
US ISM Manufacturing PMI is coming out on Thursday at 17:00 MT time! Be ready!