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 8-12
Next week will provide us enough opportunities for making our trading schedule busy. At first, we will see the rate statement by the Bank of Canada. Will it change its tone? Let’s find out on Wednesday. In addition, we anticipate the indicators for Great Britain and the US. Find out the dates of the key events and consider how they may affect the currency pairs from the weekly market outlook by FBS!
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Although the last week was intense, this one may be more dynamic and volatile. After the FOMC meeting and controversial decisions from the Bank of England, we saw a historical pound decrease, and the gold plunge. And there’s even more for you.
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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.