July 7th, according to CME “Fed Watch”: The probability that the Fed will keep interest rates unchanged at 5.00%-5.25% in July is 5.1%, and the probability of raising interest rates by 25 basis points to the range of 5.25%-5.50% is 94.9%; The probability of keeping interest rates unchanged by September is 3.7%, the probability of accumulatively raising interest rates by 25 basis points is 69.7%, and the probability of accumulatively raising interest rates by 50 basis points is 26.6%.
Weekly Technical Outlook – USDJPY, GBPUSD, NZDUSD
USDJPY faces minor injuries after higher US jobless rate; Powell’s testimony next on the agenda GBPUSD surprasses key obstacle as UK gets new government; monthly GDP data on the agenda NZDUSD waits…