Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of July 24, 2022 here.
: the effect of the hot weather across the northern hemisphere and potential yield problems in North America on farms.U.S: New Home Sales – TuesdayU.S: Federal Funds Rate and Press Conference – WednesdayCanada: GDP – FridayEUR/USD Price Action has been Bullish in the Short Term, but can it continue?
While they do not want to admit it, the U.S Fed needs to cool down consumer spending to create additional pressures in order to tame inflation. Gross Domestic Product has a large part of its percentage based on the habits from U.S consumers. With holidays coming up for many in the financial world, this week of trading may see extreme amounts of volume
Prices in grains such as wheat and corn have declined dramatically and this may help the inflation crunch seen internationally among food products. However, dramatic news regarding weather conditions in the U.S and Europe could cause a flurry of activity in the coming days in the grain futures and for CFD traders of commodities.
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