🗓Week of April 29 - May 2 | Extremely Strong USD News

Wednesday (April 29) - The most important day of the week

6:00 PM - Federal Funds Rate

FOMC Statement

6:30 PM - FOMC Press Conference

This is a "three bombs" happening at once.

The market often experiences sharp dips - sweeping both ends - before a clear trend emerges.

=> If trading XAU/USD or USD pairs: be careful of spread and slippage.

Thursday (April 30th) - More heavy economic data releases

12:30 PM - GDP q/q (Forecast: 2.2% | Previous: 0.5%)

Core PCE m/m (Forecast: 0.3% | Previous: 0.4%)

Employment Cost Index q/q (Forecast: 0.8% | Previous: 0.7%)

➡️ Quick implications:

High GDP → Strong USD → Gold likely to fall

High PCE (inflation) → Strong USD

But if expectations are wrong → the market will reverse very quickly

🔥This week's strategy overview:

Early week: Market may sideways awaiting news

Midweek (FOMC): Extremely volatile - avoid going all-in

End of week: Follow the direction after FOMC