Daily Forecast
The Forecast
2023.07.04
On Thursday, the US GDP data was released. The final result was 0.2% higher and amounted to 4.3%, which allowed the dollar index to continue to grow and renew the highs of March 9.
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The Forecast
2023.07.04
The main Wednesday event was the release of PMI data from IHS Markit. According to preliminary data, Germany’s production rose at a record pace in March, which led to the European economy’s recovery.
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The Forecast
2023.07.04
As a quick resumption of global economic growth came into question again, market sentiment changed.
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The Forecast
2023.07.04
Today, Fed Chairman Jerome Powell is expected to speak, and his statements have a strong impact on the behavior and volatility of the dollar index and major stock indices.
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The Forecast
2023.07.04
Today at the Asian session, the Central Bank of Australia reported on the interest rate change. As analysts expected, the rate remained at a level of 0.1%.
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The Forecast
2023.07.04
On Monday, in the absence of important macroeconomic news, the market stayed calm. The dollar index closed the gap formed at the opening of this week’s trading.
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The Forecast
2023.07.04
On Monday, the ECB and the US Federal Reserve released data on the change in assets on their balance sheets. The European Central Bank's index fell by € 10.91 billion over the past week, while the Fed...
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The Forecast
2023.07.04
European currencies declined slightly against the dollar due to a new round of tensions between the EU and the UK.
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The Forecast
2023.07.04
On Thursday, the dollar index rose in light of falling stock indices and oil prices. The market overestimated the global economic recovery after starting new quarantine measures in France, causing oil...
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The Forecast
2023.07.04
Yesterday's US Federal Reserve meeting had a significant impact on the dynamics of Forex currency pairs. The Fed officials intend to raise the interest rate in 2023 but might do it earlier if inflatio...
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