Dollar feels relaxed. Forecast as of 06.03.2024
Consolidations are usually called "the calm before the storm." The eventful economic calendar suggests that's true. Jerome Powell's speech, the ECB's meeting, and the US jobs report can undermine the EURUSD's position. Let’s discuss it and make a trading plan. Weekly fundamental forecast for dollar While the US stock indexes, Bitcoin, and gold grow fast, G10 currencies remain incredibly calm. The EURUSD has been unable to exit the range of 1.07-1.09 since mid-January. Now that market rate cut expectations come in line with the FOMC's latest forecasts, the major currency pair feels relaxed. Can Jerome Powell's congressional speech, the ECB's... Read full author’s opinion and review in blog of #LiteFinance
Consolidations are usually called "the calm before the storm." The eventful economic calendar suggests that's true. Jerome Powell's speech, the ECB's meeting, and the US jobs report can undermine the EURUSD's position. Let’s discuss it and make a trading plan.
Weekly fundamental forecast for dollar
While the US stock indexes, Bitcoin, and gold grow fast, G10 currencies remain incredibly calm. The EURUSD has been unable to exit the range of 1.07-1.09 since mid-January. Now that market rate cut expectations come in line with the FOMC's latest forecasts, the major currency pair feels relaxed. Can Jerome Powell's congressional speech, the ECB's... Read full author’s opinion and review in blog of #LiteFinance
