Weekly Forex Outlook: 23/07/2021 – Fed to talk taper but stall on action; GDP & CPI data in focus
July 23, 2021 1:14 pm
The Federal Reserve is expected to provide more hints on tapering when it meets next week but may stop short of revealing a timeline. Amidst jitters about the Delta variant, markets could whipsaw if the Fed cites both progress and dangers ahead. Meanwhile, US and Eurozone GDP readings could further muddle the market mood as they will likely confirm the solid rebound in Q2 even as uncertainty about the outlook is increasing. If all that wasn’t enough for investors to digest, inflation numbers out of Australia, Canada and the US will come under the microscope.
0:00 Intro 0:10 FOMC meeting 1:29 Delta variant trouble 1:57 US data 2:55 RBA and inflation in Australia 3:39 Canadian economy 4:19 ECB and euro/dollar
Risk Warning: 77.29% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning.
Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future.
Visit our page for more: http://www.xm.com the international Forex broker.
The Federal Reserve is expected to provide more hints on tapering when it meets next week but may stop short of revealing a timeline. Amidst jitters about the Delta variant, markets could whipsaw if the Fed cites both progress and dangers ahead. Meanwhile, US and Eurozone GDP readings could further muddle the market mood as they will likely confirm the solid rebound in Q2 even as uncertainty about the outlook is increasing. If all that wasn’t enough for investors to digest, inflation numbers out of Australia, Canada and the US will come under the microscope.
0:00 Intro
0:10 FOMC meeting
1:29 Delta variant trouble
1:57 US data
2:55 RBA and inflation in Australia
3:39 Canadian economy
4:19 ECB and euro/dollar
Risk Warning: 77.29% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning.
Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en
Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future.
Visit our page for more: http://www.xm.com the international Forex broker.
Related Posts: