Last week, global stock markets edged higher while the king dollar pulled back after a very strong run of gains. This week the volatility is expected to be extremely high and the FOMC meeting will be the highlight of the final week of this month. The US central bank is expected to raise rates by 75 basis points for the second consecutive month. However, traders will also be watching the latest US GDP and personal income data.
On the earnings front, the big tech giants scheduled to release their last quarter financial results this week will be Amazon, Apple, Alphabet and Meta.
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