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 Oct. 2-6
The end of September was a good time for the US dollar, as it managed to erase the previous decline and end the month in a positive territory.
The Federal Reserve Chair Janet Yellen said last week that the central bank needs to continue with its gradual rate hikes despite broad uncertainty about the path of inflation. There’s talk that President Donald Trump might choose former Federal Reserve Governor Kevin Warsh to head the central bank. Warsh is considered more hawkish than Yellen and he may increase interest rates faster. In addition, there’s some optimism about the prospects for US tax cuts. This is what helped the USD strengthen.
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.