The trading world is looking forward to the FOMC meeting on Wednesday! The rate hike is obvious…
US dollar: forecast for March 27-31
On the daily chart, 50-day MA went below 100-day one – a bearish signal. The currency remains vulnerable to test 99.00 (psychological level, support line from 2016 low). In the case of a break below this point, we might see a decline to 98.55 (200-day MA). Resistance lies at 100.00 and 100.70.
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.
The latest US jobs report helped to ease fears of a recession. The US dollar fell after Friday's job reports, but only in short term. The USD is still the market’s #1 currency.
After last week's CPI turned the markets upside down, we are looking at the performance of the US dollar…
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?
A lot of exciting events are happening this week, including nonfarm payrolls, BOE and RBA rate hikes, and earnings season.