A Week in the Market: Fed Minutes and EU Statistics (3-7 July)

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/07/03.07.23-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="A Week in the Market: Fed Minutes and Risk Interest (3-7 July)" decoding="async" loading="lazy" style="margin-bottom: 15px;" /></div><h2>USD: awaiting the minutes</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/10/usd-1.jpg" alt="USD: awaiting the minutes" class="wp-image-5901" srcset="https://blog.roboforex.com/wp-content/uploads/2020/10/usd-1.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/10/usd-1-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/10/usd-1-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The minutes of the previous meeting of the US Federal Reserve will be published, along with employment market statistics. Both releases are of great importance. The USD remains in a neutral position but might strengthen.</p>

<h2>EUR: focus on statistics</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/11/eur.jpg" alt="EUR: focus on statistics" class="wp-image-6089" srcset="https://blog.roboforex.com/wp-content/uploads/2020/11/eur.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/11/eur-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/11/eur-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The Eurozone will release the final data on the business activity index in the services sector for June. In addition, there will be reports on retail sales in the region. The <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR</a> exchange rate is currently neutral but could quickly shift in either direction.</p>

<h2>JPY: the devaluation persists</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/06/jpy-1200×627.jpg" alt="JPY: the devaluation persists" class="wp-image-4431" srcset="https://blog.roboforex.com/wp-content/uploads/2020/06/jpy.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/06/jpy-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/06/jpy-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>Japan will publish the PMI in the manufacturing and non-manufacturing sectors. The devaluation of <a href="https://roboforex.com/beginners/info/charts/forex/usdjpy/" data-internallinksmanager029f6b8e52c="40" title="USD/JPY">JPY</a> remains the primary scenario.</p>

<h2>AUD: the RBA sets the course</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/10/aud.jpg" alt="AUD: the RBA sets the course" class="wp-image-5803" srcset="https://blog.roboforex.com/wp-content/uploads/2020/10/aud.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/10/aud-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/10/aud-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The Reserve Bank of Australia will decide on 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 the nearest meeting. The rate is expected to remain at 4.1% per annum, which is a favourable development for the <a href="https://roboforex.com/beginners/info/charts/forex/audusd/" data-internallinksmanager029f6b8e52c="33" title="AUD/USD">AUD</a>.</p>

<h2>Brent: potential for growth</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/08/brent-1-1200×627.jpg" alt="Brent: potential for growth" class="wp-image-5380" srcset="https://blog.roboforex.com/wp-content/uploads/2020/08/brent-1.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/08/brent-1-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/08/brent-1-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>OPEC+ will hold a meeting, and it is unlikely that there will be any changes to oil production quotas. Special attention should be given to forecasts of demand and supply in the near future. If the comments are neutral, the price of Brent could rise.</p>

<p>
<a href="https://my.roboforex.com/en/register/">Open Trading Account</a></p><p>The post <a rel="nofollow" href="https://blog.roboforex.com/blog/2023/07/03/a-week-in-the-market-fed-minutes-and-risk-interest-3-7-july/">A Week in the Market: Fed Minutes and EU Statistics (3-7 July)</a> appeared first at <a rel="nofollow" href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>