Here come new trading opportunities for the new week!
US Producer Price Index — June 14, 15:30 MT time
Fed Interest Rate Decision — June 15, 21:00 MT time
BoE Interest Rate Decision — June 16, 14:00 MT time
Last time, the actual data of PPI met the expectations. However, numbers decreased compared with the previous month. As a result, EURUSD reversed and gained over 300 points. This time, great moves are expected in EURUSD and USDCHF currency pairs.
Markets expect the Federal Reserve to raise the key rate by 50 basis points. Any hints about future key rate increases will shake USD and risk assets. Last time, the Fed statement met expectations. As a result, the US dollar decreased versus other currencies.
Another 25-basis-point rate hike is expected. Any hints provided by the BoE will add volatility to the currency pairs with GBP. Last time, traders thought the central bank wouldn’t make a big enough rate hike to fight inflation. As a result, GBPUSD plunged.
Trade wisely — trade with FBS
