Reasons behind the USD's advance, the earnings season in the United States, the outlook for EUR, JPY, Apple, Amazon, and more in this video!
US dollar: forecast for Sep. 25-29
The meeting of the Federal Reserve was the main event of the past week. The Fed announced that it will start reducing its $4.5-trillion balance sheet from October. At first, monthly reductions will equal to $10 billion. Over the next year, the amount will rise to $50 billion a month. What’s more important, the Fed hinted at its plans to raise rates this year – most likely in December. New forecasts show that the FOMC members are looking forward to 3 more rate hikes in 2018. The initial reaction of the market to the Fed’s hawkish comments was very bullish. However, during the rest of the week USD bulls failed to continue their advance.
This week, we will continue monitoring the developments in the stock and commodity markets as tensions between Ukraine and Russia and Fed’s tightening cycle remain the main issues driving the markets.
Watch the video to discover what's happening with US500, Japanese yen, US dollar, gold, oil, and gas.
This week is likely to be pivotal for many assets, including gold, USD, and several stocks. However, we need to be focused and react fast to the ever-changing environment to get the most from it.
This week, the majors will be affected by the interest rate decision by the Federal Reserve, NFP, the BOE Meeting, and more events.