Weekly Forecast: Four Risks Under Concern

WikiFX News (27 July)- In the following week, the market may face four major risks, which calls for investors attention.

These four include:

1. The Federal Reserve will release the interest rate decision this Wednesday (Thursday in Asian-Pacific region), which is possible to drag down USD in the medium term.

2. Apple, Amazon and Google will issue balance sheets after Thursdays market, ending the fastigium of results reported from U.S. stocks. After the statements are released, whether the belief held by market will be further strengthened, or will there be a difference in the overall picture of market？ The answer may be far-reaching. Thus, investors of precious metals in the forex market must pay close attention to these financial reports.

3. Federal Pandemic Unemployment Compensation (FPUC), a temporary emergency increase of $600 per week, will expire this Friday. A new round of assistance programs from U.S. Congress is in urgent need, without which the income of over 20 million unemployed people will fluctuate sharply, while the economic recovery is bound to be hindered. Risks to U.S. economic recovery should not be overlooked.

4. The report of U.S. GDP in the 2nd quarter (advance estimate) will also be released on Thursday. Before that, market expects that U.S. GDPs annualized rate of quarter-on-quarter change in the 2nd quarter will fall by 34%, which is likely to have been completely digested by the market, leaving sentiment impact on the market in the near term.

These four risks have different impacts on USD, risk sentiment, Treasury yields and precious metals. Meanwhile, market volatility may be greater than last week.

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