After last week's CPI turned the markets upside down, we are looking at the performance of the US dollar…
GBP/USD: forecast for Oct. 2-6
Britain’s economy recorded its weakest annual growth since 2013 in the second quarter of the year. GDP growth slowed from 1.8% in the first three months of the year to 1.5% in the second quarter. Manufacturing PMI released on Monday missed forecasts. It means that Brexit has its negative impact on the nation’s economy. The Bank of England’s Governor Mark Carney sounded more cautious last week than at the central bank’s last meeting. Most economists think that the BoE will raise its benchmark interest rate in November, but these expectations cooled a bit.
The release of the US CPI on Wednesday will determine whether US500 continues its advance or reverses down. Tensions between the US and China boosted the demand for gold, but will it persist?
Gold still has space to fall, and the euro is trying to price the ECB rate hike. Inflation readings, Elon Musk problems, earning reports, and the overall market outlook for forex await you in this video.
After the US CPI last week came out above the forecast, traders started expecting a 75-basis point rate hike…
In this video, we will talk about the potential change of a trend in the euro, another stock rally amid a global downtrend, gold prospects, and news that shakes the world right now. It’ll be a helpful video you don’t want to miss.
The Federal Reserve speeds up its quantitative tightening, and this is certainly bullish news for the USD. At the same time, this is a negative factor for the American stocks, which have entered their seasonally worst month.