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Today, we don´t expect any major movements in the currency market. The only indicator that could push USD a little higher is Existing Home Sales, which is, however, predicted to be bit lower than the last time it was released. As the FEDs policy decision had been absorbed already, a sideways price pattern on all USD currency pairs is likely, at least until tomorrow, when we can expect some movement in AUD, as RBA Governor is speaking. Tuesday is also going to bring us important European data rel…
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Volatility decreases, USD gradually consolidates
As the dollar absorbed the effect of FED´s policy decision, it continued to strengthen against all major currencies today. This couldn´t even be stopped by Prelim UoM Consumer Sentiment announcement, which was significantly worse than expected. At this stage, currency market seems to have absorbed all the important fundaments and it another major price movement in all major currencies is unlikely until Tuesday.
Source: investing.com
Then, important data will be released, likely having impact…
Source: investing.com
Then, important data will be released, likely having impact…
Greenback stays at 5 month lows despite strong US data
The dollar continued depreciating on Thursday, falling almost % all the other major currecncies. Interestingly, this happened despite positive US Uneployment data, where Unemployment Claimes fell by 2K, making it clear that FED´s policy decision is still having a huge impact on curecny market.
Philly Fed Manufacturing Index also ended up beating the consensus, at 12.4 points. As both those data releases are rather important, a correction in the price of USD is likely in the next couple of days,…
Philly Fed Manufacturing Index also ended up beating the consensus, at 12.4 points. As both those data releases are rather important, a correction in the price of USD is likely in the next couple of days,…