Daily Forecast Archive - Page 76 of 207

The Forecast

2023.07.04

Traders and investors are betting on an early interest rate hike from the Fed, despite the rise in COVID-19 cases. Yesterday, the dollar index rose sharply, helped by a jump in Treasury bond yields.

The Forecast

2023.07.04

Over the year, the dollar index increased by 6.45% (the best performance since 2015). This led to a decline in major currencies against the dollar.

The Forecast

2023.07.04

The number of new jobless claims in the USA amounted to 198,000, while analysts expected 206,000.

The Forecast

2023.07.04

The US Fed has left the interest rate at 0.25% and is scheduled to accelerate the QE reduction to 30 billion a month and will end the QE program in March.

The Forecast

2023.07.04

The US labor market statistics are improving. Nonfarm payrolls report showed 531,000 new jobs in October (vs. 455,000 expected). The US unemployment rate fell to 4.6% from 4.8%.

The US consumer confidence increased to 113.8 in October (expected 108.3, previous 109.8). New home sales in the US jumped by 14% in September, with expectations of a 2.7% increase. This is a good sig...

The Forecast

2023.07.04

The number of new jobless claims in the US amounted to 184,000; analysts expected 220,000. The last time such a figure was in 1969. Today the inflation data will be published in the US.

The Forecast

2023.07.04

Ahead of central bank meetings in Europe, Japan, and Canada, the dollar index slightly increased, suggesting that investors are now partly reallocating to the dollar amid rising risks.

The Forecast

2023.07.04

On Wednesday, the dollar index fell against major currencies since easing fears of an economic hit from the Omicron COVID-19 strain helped support riskier currencies such as the Australian dollar.

The Forecast

2023.07.04

The US Inflation Expectations index has reached a one-year high. Some economists believe that the Fed has not fully assessed inflationary pressures, and the next CPI reports could be shocking.