Daily Forecast
The Forecast
2023.07.04
Yesterday, the Japanese yen and Swiss franc increased as safe-haven currencies against the backdrop of rising tensions in Eastern Europe.
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The Forecast
2023.07.04
The US Federal Reserve is not going to take any steps on monetary policy because it believes that the rise in inflation is temporary. That is the green light for the indices and the euro.
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The Forecast
2023.07.04
Yesterday, the volatility in the Forex market remained low. The macrostatistics from Australia, Europe, and the USA are expected today, so the market will be volatile.
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The Forecast
2023.07.04
Yesterday, the United States celebrated its 245th Independence Day. Today is a bank holiday in the US, so volatility in the Forex market will be low.
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The Forecast
2023.07.04
The Labor Department report confirmed fears of accelerating inflation.
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The Forecast
2023.07.04
Today all investors' attention is focused on the Non-Farm Payrolls report. Positive labor market data can be perceived ambiguously.
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The Forecast
2023.07.04
Preliminary employment data from ADP showed that the US private sector added 692,000 jobs in June, 92,000 more than economists had expected.
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The Forecast
2023.07.04
Rising inflationary expectations put pressure on the dollar index.
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The Forecast
2023.07.04
The dollar index rose slightly, negatively affecting major currency pairs, where the dollar is a quoted currency. Trading activity is below average now, as investors are waiting for US employment data...
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The Forecast
2023.07.04
Trading activity will be low until the middle of the week. Investors are now waiting for the ADP Nonfarm Payrolls labor market data to be released on Friday.
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