The Federal Reserve speeds up its quantitative tightening, and this is certainly bullish news for the USD. At the same time, this is a negative factor for the American stocks, which have entered their seasonally worst month.
Weekly Market Outlook: August 5-9
After the rate cut by the Federal Reserve and intensified trade tensions last week, the risk sentiment in the market will be under the main attention. As for the economic calendar, we will see the rate statements by the Antipodean banks. The main question is whether the Reserve bank of New Zealand will cut its rate even more? We will find out on Wednesday. As for now, watch the weekly video by FBS where the Chief market analyst Darya Bobrova explains the main market movers and helps with sorting out your busy trading plans.
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In this video, we will talk about the potential change of a trend in the euro, another stock rally amid a global downtrend, gold prospects, and news that shakes the world right now. It’ll be a helpful video you don’t want to miss.