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.
US dollar: forecast for June 26-30
The upcoming economic releases should bring some life into the USD. Don’t miss core durable goods orders on Monday, CB consumer confidence on Tuesday, crude oil inventories on Wednesday, final Q1 GDP on Thursday and Core PCE price index on Friday. The latter is the Federal Reserve’s preferred inflation gauge, so this release will have an impact on the expectations for the central bank’s policy. In June, the regulator increased the federal funds rate by 25 bps and left the door open for further increases. For now, more 2017 rate hikes of the Fed are not really priced in the dollar’s exchange rate.
The gold has made a perfect retest, but will it hold against the rising dollar? Also, the Jackson Hole Symposium and Jerome Powell's speech may become critical for most assets, and finally, more economic releases and earnings reports await you.
After last week's CPI turned the markets upside down, we are looking at the performance of the US dollar…
Although the last week was intense, this one may be more dynamic and volatile. After the FOMC meeting and controversial decisions from the Bank of England, we saw a historical pound decrease, and the gold plunge. And there’s even more for you.
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.