Daily Forecast
The Forecast
2023.07.04
Today all investors' attention is focused on the Non-Farm Payrolls report. Positive labor market data can be perceived ambiguously.
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The Forecast
2023.07.04
Preliminary employment data from ADP showed that the US private sector added 692,000 jobs in June, 92,000 more than economists had expected.
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The Forecast
2023.07.04
Rising inflationary expectations put pressure on the dollar index.
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The Forecast
2023.07.04
The dollar index rose slightly, negatively affecting major currency pairs, where the dollar is a quoted currency. Trading activity is below average now, as investors are waiting for US employment data...
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The Forecast
2023.07.04
Trading activity will be low until the middle of the week. Investors are now waiting for the ADP Nonfarm Payrolls labor market data to be released on Friday.
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The Forecast
2023.07.04
The US Treasury Department will refund approximately $47.7 billion of privately-held Treasury notes and bonds. It could make currencies strengthen against the dollar.
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The Forecast
2023.07.04
Major Forex currency pairs are showing weak activity. The dollar index is fluctuating below a two-month high, with investors unwilling to take risks ahead of ADP Non Farm data at the end of the week.
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The Forecast
2023.07.04
June manufacturing PMIs in the US and Europe show economic recovery. As long as such global monetary policy persists, the dollar index will weaken.
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The Forecast
2023.07.04
Low volatility is expected today, as no important events are planned.
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The Forecast
2023.07.04
Yesterday, the US S&P 500 index set a new all-time high due to the positive US labor market data. The number of jobless claims fell over the past week, indicating a steady economic recovery.
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