Daily Forecast
The Forecast
2023.07.04
The euro has practically not changed, ignoring the election of a new chancellor in Germany.
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The Forecast
2023.07.04
On Wednesday, in the absence of important economic data, the dollar index continued to decline, and traders focused on the credit market. German Bonds continued to rise versus US T-Note.
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The Forecast
2023.07.04
The US jobless claims unexpectedly increased. The number of claims was 351K against a forecast of 320K.
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The Forecast
2023.07.04
At yesterday's Fed meeting, Jerome Powell said that the US central bank plans to start cutting the QE program soon, but nothing was said about specific dates.
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The Forecast
2023.07.04
The dollar index rose on Monday, breaking through the SMA50 daily moving average and consolidating above it. This is the first signal of the beginning of a correction since October last year.
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The Forecast
2023.07.04
On Friday, the dollar index remained practically unchanged. In the absence of a news background, quotes remained at the same level and below the moving averages on the daily timeframe.
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The Forecast
2023.07.04
Considering the maintenance of the Fed's monetary policy and the excess of dollar activity in the US financial system, it is difficult to find a reason for the dollar index to strengthen in the near f...
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The Forecast
2023.07.04
Because of the weakness of the US currency, major currency pairs continue to strengthen against the dollar. The euro and the British pound are leading the growth.
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The Forecast
2023.07.04
Oil prices are out of control. It negatively affects not only commodity currencies but also major currency pairs because oil prices are quoted in US dollars, and the United States is the largest expor...
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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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