A Week in the Market: A Lot of Interesting Events (24-28 July)

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/07/24.07.23-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="A Week in the Market: A Lot of Interesting Events (24-28 July)" decoding="async" loading="lazy" style="margin-bottom: 15px;" /></div><h2>USD: awaiting the Fed&rsquo;s decision</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/09/usd-2.jpg" alt="USD: awaiting the Fed’s decision" class="wp-image-5694" srcset="https://blog.roboforex.com/wp-content/uploads/2020/09/usd-2.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/09/usd-2-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/09/usd-2-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The Fed will meet on Tuesday and Wednesday to decide on the cost of borrowing. It is likely that the rate will be raised by 25 basis points to 5.5% per annum.&nbsp;The main intrigue, however, lies in the post-meeting comments from the regulatory body representatives. Any indications of a softer approach or a readiness to pause in the current phase of tight monetary policy will exert local pressure on the USD.</p>

<h2>EUR: betting on the previous stance</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/08/euro-1200×627.jpg" alt="EUR: betting on the previous stance" class="wp-image-5293" srcset="https://blog.roboforex.com/wp-content/uploads/2020/08/euro.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/08/euro-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/08/euro-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The Eurozone will publish a significant amount of economic data, including information on prices and business activity. The ECB is likely to raise the <a href="https://blog.roboforex.com/blog/2019/10/22/trading-news-how-to-earn-on-interest-rates/" data-internallinksmanager029f6b8e52c="90" title="Interest rate">interest rate</a> at its meeting on Thursday. But what will the regulator say about the further outlook amid an environment of decreasing <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> levels? The Central Bank&rsquo;s commitment to maintaining the current monetary course will support the <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR</a>.</p>

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<h2>JPY: no drastic changes</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2019/11/jpy-1200×627.jpg" alt="JPY: no drastic changes" class="wp-image-1874" srcset="https://blog.roboforex.com/wp-content/uploads/2019/11/jpy.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2019/11/jpy-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2019/11/jpy-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The Bank of Japan will also hold a meeting, but no radical changes are expected as the regulator will probably follow the current structure of monetary policy. The <a href="https://roboforex.com/beginners/info/charts/forex/usdjpy/" data-internallinksmanager029f6b8e52c="40" title="USD/JPY">JPY</a> is retreating again, and it is time to be reminded of devaluation as the main scenario for the yen.</p>

<h2>CAD: tied to the USD</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/08/cad-1200×627.jpg" alt="CAD: tied to the USD" class="wp-image-5425" srcset="https://blog.roboforex.com/wp-content/uploads/2020/08/cad.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/08/cad-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/08/cad-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>Canada will release <a href="https://blog.roboforex.com/blog/2019/10/29/trading-news-how-to-make-money-on-gdp/" data-internallinksmanager029f6b8e52c="93" title="GDP">GDP</a> data. In addition, the <a href="https://roboforex.com/beginners/info/charts/forex/usdcad/" data-internallinksmanager029f6b8e52c="38" title="USD/CAD">CAD</a> will be responsive to shifts in sentiment regarding the USD.</p>

<h2>AUD: focus on inflation</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/10/aud-2.jpg" alt="AUD: focus on inflation" class="wp-image-5904" srcset="https://blog.roboforex.com/wp-content/uploads/2020/10/aud-2.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/10/aud-2-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/10/aud-2-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>Australia will release its latest inflation data. Consumer prices are expected to decline, reflecting the impact of the efforts made by the Reserve Bank of Australia (RBA). Positive inflation results will boost the <a href="https://roboforex.com/beginners/info/charts/forex/audusd/" data-internallinksmanager029f6b8e52c="33" title="AUD/USD">AUD</a>.</p>

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