🚨Main events of this week We will start today with Jerome Powell at 6 pm Saudi time
🛑1️⃣Jerome Powell is scheduled to participate in a roundtable discussion with workers, small business owners and community leaders in York.
📌The markets are always monitoring his statements due to their expected impact on currency movements, especially the US dollar.
📌Because it may include signals or hints through which investors can infer future interest decisions within the United States, and therefore, the markets follow these statements with great interest.
2️⃣🔴 In addition to several statements from members of the Federal Reserve Bank
📌🇺🇸On Monday, at the same time as Jerome Powell’s statements, Federal Reserve Member Harker will speak.
📌🇺🇸Two hours later, Federal Reserve Member Michael Barr will speak at 8 pm Saudi time.
📌🇺🇸And half an hour later, Federal Reserve Member John Williams will speak at 8:30 pm Saudi time.
📌🇺🇸On Tuesday, there were also several statements from members of the US Federal Reserve.
📌🇺🇸Federal Reserve Member Loretta Mester will speak at 2:30 a.m. Tuesday, Saudi time.
📌🇺🇸In addition to Federal Reserve Member Bostic at 3:00 pm Saudi time
📌🇺🇸On Wednesday, Federal Reserve Bank member Michelle Bowman will speak at 6:25 pm Saudi time.
🔴3️⃣US labor market data:
📌 These data are released on Friday, and the Federal Reserve is closely monitoring them because they give a picture of the labor market, which may be harmed by the strong interest rate hike during the past period.
📌Expectations indicate that the American economy may add more than 168 thousand jobs, and unemployment may decrease to the level of 3.7%.
📌Therefore, this data will have a strong impact on US dollar trading, especially if it comes better or worse than currency market expectations.
🛑1️⃣Jerome Powell is scheduled to participate in a roundtable discussion with workers, small business owners and community leaders in York.
📌The markets are always monitoring his statements due to their expected impact on currency movements, especially the US dollar.
📌Because it may include signals or hints through which investors can infer future interest decisions within the United States, and therefore, the markets follow these statements with great interest.
2️⃣🔴 In addition to several statements from members of the Federal Reserve Bank
📌🇺🇸On Monday, at the same time as Jerome Powell’s statements, Federal Reserve Member Harker will speak.
📌🇺🇸Two hours later, Federal Reserve Member Michael Barr will speak at 8 pm Saudi time.
📌🇺🇸And half an hour later, Federal Reserve Member John Williams will speak at 8:30 pm Saudi time.
📌🇺🇸On Tuesday, there were also several statements from members of the US Federal Reserve.
📌🇺🇸Federal Reserve Member Loretta Mester will speak at 2:30 a.m. Tuesday, Saudi time.
📌🇺🇸In addition to Federal Reserve Member Bostic at 3:00 pm Saudi time
📌🇺🇸On Wednesday, Federal Reserve Bank member Michelle Bowman will speak at 6:25 pm Saudi time.
🔴3️⃣US labor market data:
📌 These data are released on Friday, and the Federal Reserve is closely monitoring them because they give a picture of the labor market, which may be harmed by the strong interest rate hike during the past period.
📌Expectations indicate that the American economy may add more than 168 thousand jobs, and unemployment may decrease to the level of 3.7%.
📌Therefore, this data will have a strong impact on US dollar trading, especially if it comes better or worse than currency market expectations.