Trading news

US Dollar: forecast for Mar. 23-29

Federal Reserve killed the US dollar rally on Wednesday, lowering economic forecasts and pointing to increased risks. Note that FOMC members’ forecasts for the Fed’s fund rate have been lowered significantly. They now expect rate to reach only 0,62% by the end of the year.

Currency market was strongly disappointed and sold the dollar at a fastest daily pace in 6 years. The long-term USd trend still remains bullish, but we see the short-term prospects worsened. USD will likely be trading sideways with a slight bullish tendency until we see a noticeable progress in economic data.

On the new week the market will pay attention to the inflation figures on Tuesday. Consumer prices kept on falling for 4 months in a row and are expected to stay in the red zone. On Wednesday watch durable goods orders, while on Friday US will publish its final Q4 GDP.
Kira Iukhtenko

Friday, 20 Mar, 2015 / 3:56

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : http://fxbazooka.com/en/analitycs/show/4195

Trading news

 

Stocks lick wounds; pound tumbles on lockdown fears

  Selloff in equities eases but sentiment still subdued amid virus [...]

Posted on Tuesday, 22 Sep, 2020 / 9:56 under

DOW weighed down amid fresh lockdown worries – DOW JONES Market Outlook – 22/09/2020

Global equities tanked on fresh lockdown worries across Europe and possible [...]

Posted on Tuesday, 22 Sep, 2020 / 8:19 under

1.17 is the line in the sand for the Euro – EUR/USD Market Outlook – 22/09/2020

The bearish pressure on the Euro is mounting as price is currently trading [...]

Posted on Tuesday, 22 Sep, 2020 / 8:18 under