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: July 22-26
What market drivers are we waiting for? At first, the week will be kind of nervous for the euro traders. Besides the releases of PMI on Wednesday, we will find out how the European central bank will react amid the widespread dovishness of other central banks during its monetary policy statement. If the euro is supported, we will see the rise of the EUR/USD pair. But don’t be too relaxed after that, as the week will also bring some important releases for the USD. Find out what releases you need to pay attention to and make up your trading schedule efficiently with the weekly market outlook by FBS!
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