The Bank of England will publish a monetary policy summary on Thursday, June 16, at 14:00 MT time (GMT+3).
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.
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.
The Fed Chair Jerome Powell will testify on the Semi-Annual Monetary Policy Report before the House Financial Services Committee on June 22-23 at 17:00 GMT+3.
Canada will publish Retail Sales and Core Retail Sales on June 21 at 15:30 GMT+3.