Weekly Market Review: 24/07/2017 –28/07/2017 Fed meeting is the last chance for the US currency Forex USD/JPY, Daily As a result of the last week, the US currency continued to lose its positions. This was due to weak recent statistics, which led traders to question the idea of further rates’ increase from the US Federal Reserve. Also, new political scandal around President Trump brought even more negativity. Thus, virtually all major currencies recorded growth relative to the US dollar. The largest increase in relation to the US dollar was shown by the Swiss franc (+ 1.89%). A smaller increase was recorded for the euro (+ 1.77%), New Zealand dollar (+ 1.49%), Japanese yen (+ 1.3%), Australian dollar (+ 1.17%), and Canadian dollar (+0.88 %). Only British pound (-0.82%) fell in price. The main economic news of the coming week will be the release of the Fed’s decision on interest rates, scheduled on Wednesday. Also, an impact is expected from the preliminary data on GDP for the United Kingdom and the United States, which will be presented on Wednesday and Friday, respectively. Stock market USA Dow, Daily The season of quarterly reporting continues at the US securities’ market. The quarterly reports published to the date indicate that the actual values exceed the projections. Meanwhile, a significant increase in stock indexes is limited by weak economic indicators of the US economy. In addition, the political uncertainty surrounding the Trump administration forces investors to seek safety in protective assets. Following the trading week: Dow -0.27%, S & P + 0.51%, Nasdaq + 2.09%. This week, in addition to quarterly reports, the focus will be on the meeting of the US Federal Reserve. Europe IBEX, Daily The main event for the European stock exchanges was, of course, the ECB meeting held on Thursday. From this meeting investors expected certainty on the timing and scope of the reduction of the quantitative easing program. Meanwhile, the head of the regulator said during the press conference that this issue will be discussed in the fall. Thus, investors will continue to use cheap money from the European central bank for the time being. On the other hand, asset sales are widely observed at the European markets. This is caused by weak economic statistics. Commodity market GOLD, Daily Within a week, precious metal added about $ 30 in price. This is due to the use of gold as a protective agent. It is worth reminding, that gold often acts as a protective asset during political and economic problems. It also serves to protect the savings from inflation. On the other hand, gold is sensitive to the change in the value of the US currency, in which its value is expressed. Thus, for gold, Fed’s meeting is important from an economic point of view, since it can greatly affect the rate of the American currency.