Yuri Papshev / Blog
The next week will start rather calmly due to the lack of publication of important macro statistics until the end of the trading day on Monday (for more details about the events of the upcoming week, see the Most Important Economic Events of the Week 10/17/2022 – 10/23/2022...
The main scenario is still the growth of the dollar, including against the backdrop of greater stability of the US economy compared to other major economies in the world. Strong bullish momentum is pushing the DXY dollar index towards more than 20-year highs near 120.00, 121.00...
As we noted in our review today, "market participants are waiting for the publication (at 12:30 GMT) of the latest US inflation data." At the same time, " the upward momentum of the dollar is maintained, pushing the DXY "in the direction of more than 20-year highs near 120.00, 121.00...
Today (at 15:30, 16:00, 18:00, 18:35 GMT) speeches by representatives of the leadership of the Fed and the Bank of England, including its head Andrew Bailey, are scheduled...
If the dollar comes under pressure this week (in the case of the dovish rhetoric of the text of the minutes of the September meeting of the Fed and in the case of disappointing inflation data in the United States - for more details see the Major economic events of the week 10/10/2022 - 10/16/2022...
USD/CAD is trading close to 1.3680, breaking through the 1.3609 resistance level at the beginning of the European trading session, which has now become another support level in the USD/CAD global uptrend. Technical indicators on the weekly and monthly charts also signal long positions...
The DXY fluctuation range for the past partial 2 weeks was 4.34%. This is a fairly strong downward correction of the dollar. Has it ended...
The weakening US dollar gives rise to the NZD/USD movement "to the north", and in case breakdown of the important short-term resistance level 0.5729 and the local resistance level and today's high 0.5757, the growth of NZD/USD may continue up to the resistance levels 0.5945, 0.6010...
Market participants, who follow the dynamics of commodity currencies and, in particular, the Australian dollar, will be waiting for the publication tomorrow (at 03:30 GMT) of the decision of the RB of Australia on the interest rate. It is expected that it will be increased again (by 0.50% to 2...