Daily Forecast
The Forecast
2023.07.04
On Tuesday, the US dollar index stopped climbing and went into a decline within its range of 90.70 - 90.00, forming a bearish engulfing candle.
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The Forecast
2023.07.04
The Fed will announce the interest rate and share the economic outlook at the FOMC meeting today. The market reaction to this news is usually huge, so traders should be careful.
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The Forecast
2023.07.04
There is an economic recovery in Europe. As a result, the major European currencies strengthen against the dollar. However, the Indian strain of coronavirus can prevent the weakening of the lockdown.
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The Forecast
2023.07.04
Yesterday, Fed Chairman Jerome Powell pointed out that the economic situation wouldn’t allow the Fed to reduce the QE program in the near future, as 7.5 million jobs were still missing from the previo...
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The Forecast
2023.07.04
On Monday, the dollar index strengthened its positions, but the movement is taking place within the sideways range. Greenback continues to consolidate in the area of 90.70 – 90.00.
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The Forecast
2023.07.04
Quiet trading was observed on Friday. The dollar index rose slightly in light of positive data from the University of Michigan. The report has shown the highest growth in the consumer sentiment index...
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The Forecast
2023.07.04
On Thursday, the European Central Bank announced the results of its two-day meeting. Despite the importance of the event, the volatility in the euro remained low.
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The Forecast
2023.07.04
On Wednesday, the main event of the day was the publication of the US inflation data. A report from the National Bureau of Statistics indicated that the core consumer price index, which excluded food...
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The Forecast
2023.07.04
On Tuesday, in the absence of important macroeconomic news, the market showed calm trading. The dollar index fell slightly as part of the technical correction.
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