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> These videos will kickstart your trading week in the forex market Technical review of some of the major currency pairs for the week starting July 31, 2023 EURUSD: USDJPY: GBPUSD: AUDUSD: ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW Most Popular ADVERTISEMENT – CONTINUE READING BELOW ADVERTISEMENT – CONTINUE READING BELOW
EUR/USD: Not hawks anymore, not doves yet ● The past week was filled with both events and the release of macroeconomic data. Regarding the Federal Reserve meeting on July 26 and the European Central Bank meeting on July 27, there were no surprises in terms of key interest rate hikes. In both cases, they were
EUR/USD: Awaiting the Federal Reserve and ECB Meetings ● When the DXY Dollar Index dropped to April 2022 levels (99.65) on July 14, many market participants concluded that the best days for the American currency were over. Inflation is nearing target levels, and in order not to suffocate the economy, the Federal Reserve will soon
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EUR/USD: Falling Inflation Has Crushed the Dollar ● So, we can either congratulate (or, conversely, upset) everyone with the onset of a global process of dedollarization. As Bloomberg reports, after the inflation rate in the US approached 3.0%, which is not far off the Federal Reserve’s target of 2.0%, it seems like a turning point
EUR/USD: Much Depends on the CPI ● The Dollar Index (DXY) steadily increased during the past week, leading up to Thursday, July 6. As a result, EUR/USD was more inclined towards the American currency, causing the pair to find a local bottom at the 1.0833 level. The dollar’s strength was driven by the publication of
EUR/USD: Officials’ Words Drive the Markets ● Just a reminder, the Federal Open Market Committee (FOMC) of the US Federal Reserve decided on Wednesday, June 14 to pause the process of monetary tightening and left the interest rate unchanged at 5.25%. The following day, on Thursday, June 15, the European Central Bank (ECB) raised the