Market Update: FOMC, USD & US30

July 28, 2021
by Joseph Jeffriess, Market Analyst

Hi traders, today we take a look at the upcoming FOMC meeting and look at current daily charts of the USDCHF, USDCAD and US30.

The USD found some support yesterday while the US30 retreated after recently hitting new all-time highs. What will the Feds message be? Will we continue to hear talk around possible tapering and that inflation remains temporary? Will the current delta outbreak change the outlook and maintain the current stimulus due to worries that the recovery could stall due to the delta variant?

Market Update Video

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