02 August 2017
This week is very eventful and FreshForex will help you to earn on it!
On August 2nd at 2.30 pm GMT report on USA oil inventories change is to be released. Leading FreshForex analyst Catherine Main tells what to expect from this report:
“Over the last four weeks oil inventories in USA have decreased by 29.5 million barrels, which indicates high oil products demand. Shale oil production reduced by 31 thousand barrels per day over the last week. Such trend will support oil prices. On Wednesday traders can go long on Brent and WTI.”
On August 3rd at 11.00 am GMT Bank of England will announce its decision on interest rate. The leading FreshForex analyst Catherine Main commented on this as follows:
“During the last 5 months in a row inflation rate in Great Britain has exceeded 2%. Considering increased employment and growing oil prices we may expect consumer prices growth. For this reason, BoE may make a number of statements admitting the possibility of scaling back QE program at the beginning of 2018. On Thursday traders can go long on GBP/USD, GBP/JPY and short on EUR/GBP.”
On August 4th at 12.30 noon GMT Nonfarm Employment Change is to be released, this report is likely to cause high volatility on market and traders from all over the world eagerly await it to earn!
The leading FreshForex analyst Catherine Main commented on this as follows:
“Anticipated forecast on Nonfarm Employment Change is 183 thousand people, unemployment rate is 4.3%. Negative Non-Farm release will weaken US dollar. On Friday traders can go long on EURUSD, and short on USDCAD, USDTRY.”
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