Key Economic Data and Technical Insights for USD and EUR/USD
Upcoming Key Economic Data for the USD
Market sentiment this week is shaped by major economic data releases, despite a quiet start on Monday, July 29, 2024.
Federal Reserve Interest Rate Decision
On Wednesday, the Federal Reserve is expected to announce its interest rate decision. While no rate change is anticipated, any shifts in the statement language could indicate a dovish or hawkish perspective, affecting the dollar's performance.
Non-Farm Payrolls Report
The non-farm payrolls report scheduled for Friday is another critical piece of information. The market expects a gain of 185,000 jobs and a stable unemployment rate at 4.1%. Strong data could lead to diminished expectations for rate cuts, while weak figures may spark speculation for a flexible monetary policy.
Conclusion
This week's crucial economic indicators are essential for determining the dollar's direction and potential changes in monetary policy.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.