GBP/USD Forecast: 06/07/2016
US FOMC Meeting Minutes
On July 6, 2016, the US Federal Reserve System is expected to release the last FOMC meeting minutes. Market participants will be watching for any signs that the previously planned rate hike might be postponed.
If such signs are spotted, a rapid weakening of the US dollar against its major peers is inevitable.
In that event, a buy position, for example, on GBP/USD opened upon the release of the minutes can make a profit worth $1,000 and over in a short period of time, with trading one lot.
US FOMC Meeting Minutes 06/07/2016 18:00 GMT forecast: 100 pips – $1,000