Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Will the Fed Surprise Investors?
Information is not investment advice
What will happen?
The Federal Reserve will make a statement regarding the future monetary policy on Wednesday, June 15, at 21:00 MT time (GMT+3).
It's the primary tool the FOMC uses to communicate with investors on monetary policy. It contains policy measures such as the results of voting on interest rates. Most importantly, it gives the economic outlook and offers clues on the outcome of future votes.
Last time, the Fed statement met expectations. As a result, the US dollar decreased versus other currencies. If you traded one lot EURUSD, you could have earned more than $1050.
How to trade on the Fed Statement?
- If the statement is more hawkish than forecasted, the USD will likely strengthen against other currencies.
- If the statement is more dovish than forecasted, the USD will likely weaken against other currencies.
Check the Economic Calendar.
Instruments to trade: EURUSD, USDCAD, GBPUSD.
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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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