Daily Forecast
The Forecast
2023.07.04
Despite the increase in the number of delta strain cases in the United States, the dollar index increased to a two-week maximum.
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The Forecast
2023.07.04
COVID-19 vaccination is accelerating in Europe. This allows many countries to reduce pandemic restrictions, which will undoubtedly lead to increased consumption and general economic growth.
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The Forecast
2023.07.04
The US producer price index increased by 0.7% in August. On an annualized basis, the index added 8.3% – the biggest increase since 2010.
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The Forecast
2023.07.04
On Wednesday, the dollar index started growing but didn’t manage to gain a foothold above the first resistance of 90.69.
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The Forecast
2023.07.04
Important data on the US labor market was released on Friday. NFP numbers came out very high at 916,000, well above the median of 660K. The change in the unemployment rate was in line with the forecas...
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The Forecast
2023.07.04
On Thursday, the dollar index fell in light of positive data on the manufacturing sector in Europe. Eurozone PMI rose to 62.5 in March, according to IHS Markit. Preliminary data indicated a rise to 62...
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The Forecast
2023.07.04
On Wednesday, the dollar index slowed growth and even closed in the red in the light of slightly lower-than-expected ADP data.
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The Forecast
2023.07.04
On Tuesday, the dollar index rose the most in the past five trading days, as optimism about the US labor market increased. The NFP forecast rose even more to 680,000 after the publication of CBI data.
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The Forecast
2023.07.04
On Monday, the dollar index resumed its growth amid positive expectations for the labor market data.
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The Forecast
2023.07.04
On Friday, the dollar index fell slightly amid a slowdown in inflation. The price index for the Fed surprised the market a little.
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