The American Crude Oil inventories will be announced at 18:00 MT time on December 27.
Get ready for FOMC meeting
The US Fed Funds Rate announcement and Press Conference will be at 21:00 MT on January 29.
During its December session, the US Federal Reserve left the target range for the country interest rate at 1.5-1.75%. This was exactly what the market had expected, so the audience received this outcome as natural and was reassured that the rate will stay most probably unchanged in 2020. Intending to keep the rate at the current level until there is a major indication to do otherwise, the Fed enters a dilemma. On the one hand, Donald Trump keeps blaming Fed Chair Jerome Powell for a high interest rate and pushing to cut it “down to zero” to make the US more competitive. On the other hand, there have been concerns voiced out that the already low rate may lead to financial misbalance. What strategic line will the Fed choose for 2020?
- If the US Fed expresses more dovish tones, the USD will fall;
- If the US Fed expresses more hawkish tones, the USD will rise
The organization of the petroleum exporting countries (OPEC) and non-OPEC oil producers (Russia) will meet on July 1-2.
A change in retail sales is one of the most important economic indicators for the US economy and the USD.
Australian Private Capital Expenditure will be announced on Thursday, May 28, at 4:30 MT time.
Euro Area Flash Manufacturing PMI will be released on Friday at 11:00 MT time.
The British Flash Manufacturing PMI will be announced on Thursday at 11:30 MT time.