In today’s live FED’s Monetary Policy announcement & Forex Market webinar two of AtoZ Forex professional traders have covered both fundamental and technical expectations for the coming days.
From fundamental point of view the market has three major events for this week (27 July – 30 July).
For the Fed’s monetary policy statement which is about to be announced today – the 27th of July, market analysts expect to see an upbeat tone from the Fed. Based on the consensus, the Fed is expected to be more hawkish as the economic data from the US has been rather positive recently. However looking from the big picture perspective, the USD is not just a national currency, but rather a global currency, hence the Fed could also be a little conservative as there is too much of noise in the market.