Daily Forecast
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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The Forecast
2023.07.04
The US Federal Reserve is not going to take any steps on monetary policy because it believes that the rise in inflation is temporary. That is the green light for the indices and the euro.
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The Forecast
2023.07.04
Yesterday, the volatility in the Forex market remained low. The macrostatistics from Australia, Europe, and the USA are expected today, so the market will be volatile.
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The Forecast
2023.07.04
Yesterday, the United States celebrated its 245th Independence Day. Today is a bank holiday in the US, so volatility in the Forex market will be low.
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The Forecast
2023.07.04
The Labor Department report confirmed fears of accelerating inflation.
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