FX Market Insight 1st August

We kick the new month off with a bang today with the FOMC meeting scheduled. Hopefully, we get clear guidance from FED chairman Powell and we see the USD gain momentum (either way). I don't think we'll see too much movement ahead of the FOMC, so remain patient and wait for the 'fundamental' direction. Keep an eye on UK Manufacturing data early Europe but remember the main focus will the FED. Check out our FX Market Insight for full details.