Daily Forecast
The Forecast
2023.07.04
On Monday, the dollar index continued its upward movement after the extremely positive Friday data on the labor market. The US economy added 379K jobs, well above the median average. Previous NFP numb...
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The Forecast
2023.07.04
The dollar index rose sharply on Thursday after Jerome Powell commented to the Wall Street Journal about the recent skyrocketing of government bond yields. At first glance, nothing important was said.
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The Forecast
2023.07.04
On Friday, the dollar index continued to remain under pressure amid statements by Janet Yellen and Jerome Powell, who reaffirmed their commitment to soft monetary policy.
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The Forecast
2023.07.04
On Friday, the dollar index has slightly increased, although this didn’t save it from closing the week in the red. The main events of the day were the PMI data from IHS Markit, which came out disappoi...
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The Forecast
2023.07.04
On Wednesday, the dollar index rose slightly as the conflict between the EU and the UK resumed. The dispute escalated over trade with Northern Ireland, which effectively remained in the European blo...
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The Forecast
2023.07.04
On Tuesday, the dollar index failed to break the SMA 100 moving average on the daily chart. A pullback has taken place, as the market is in no hurry to fully reverse the direction before the ECB and F...
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The Forecast
2023.07.04
The US GDP growth was 2%, below the 2.6% forecast, but the US initial jobless claims decreased to 281,000 (previous 291,000), the lowest number in 19 months.
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The Forecast
2023.07.04
On Thursday, the dollar index continued to fall behind, as traders positively reacted to the statements of the President of the European Central Bank Christine Lagarde.
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The Forecast
2023.07.04
US initial jobless claims increased by 55,000 to 286,000 for the week, a three-month high.
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The Forecast
2023.07.04
On Monday, the market moved in different directions. European currencies continued to decline against the dollar despite positive manufacturing PMI data. Germany showed slightly faster growth from 60....
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