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DXY: The DXY chart currently exhibits a bearish overall momentum, indicating a downward trend. The price could potentially make a bearish continuation towards the 1st support. The 1st support level at 103.73 is identified as a pullback support, reinforced by the presence of the 50% and 23.60% Fibonacci Retracement levels, indicating Fibonacci confluence. There is […]

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26/04/2024

Fed Preview – Cuts Still in the Horizon

The Fed is widely expected to maintain the Fed Funds Rate unchanged next week by both markets and analyst consensus. The Fed could announce upcoming tapering of the QT pace already next week, but we would not expect it to have a significant impact on financial conditions. With no new projections, the market will have […]
05/02/2024

Forex and Cryptocurrencies Forecast

EUR/USD: Dollar Strengthening Prospects Increase Throughout January, a series of indicators: GDP, employment, and retail sales, consistently highlighted the strength of the US economy. The threat of recession diminished, and it became evident that the high interest rate did not significantly hinder economic performance. Market participants were keenly awaiting the Federal Open Market Committee (FOMC) […]
29/08/2024

EUR/USD – ECB Keeping Close Tabs on German, Eurozone CPI

The euro has extended its decline on Thursday. In the European session, EUR/USD is trading at 1.1095 at the time of writing, down 0.22% on the day. The US dollar has rebounded against the euro this week, climbing 0.89%. German and eurozone inflation expected to ease in August Inflation is expected to ease in Germany […]