Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Will There Be Any Changes in US Monetary Policy?
Information is not investment advice
What will happen?
The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28.
It is the primary tool the FOMC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes.
Federal Reserve’s latest quarterly forecast on June 16 indicated the potential for earlier-than-expected rate hikes. That made traders rush into the USD.
How to trade on the FOMC statement?
- If the Fed sounds worried about the US economic outlook and says that monetary stimulus must stay for a longer period, the USD will fall.
- Otherwise, the greenback will get a chance to strengthen.
Instruments to trade: EUR/USD, US500, US100.
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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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