The upcoming week will be rich in news. This week’s data is expected to confirm the expectations of many investors. The US economy accelerated in the second quarter at the time, the eurozone economy is experiencing steady growth, but the momentum seems to be slowing. After the weaker first quarter, the British economy was unable to recover and increase its pace. The Japanese economy still does not create inflationary pressure, but growth due to export / industrial costs also fuel consumption. Against this background, the US dollar continues to lose ground against all major currencies, with the exception of the pound sterling. From a technical or fundamental point of view, there are few signs in the market today that the turn of the current trend is close. A general doubt about the imminent rate increase still determines the market mood. Investors doubt that the Federal Reserve will raise interest rates in the face of moderate price pressure. The dollar index retreated for the second week in a row. He declined over six of the last seven sessions. A decline of 1.25% per week led the index to below 94.00, which is the lowest since June 2016. This area is important from a technical point of view, and a convincing breakthrough may open the way for another 3-5%. Kickbacks on the EUR / USD currency pair are extremely short and insignificant. Mood will continue to determine the rise of the euro this week. The Fed is also not worried about a weak dollar, which can help them find the missing inflation. The path of least resistance raises the euro higher. The last August high at $ 1.1715 is the next intermediate goal. However, given the strong momentum, this resistance will be overcome. European currency may be on the way to $ 1.20 – $ 1.22. Friday’s close was strong ($ 1.1640), purchases intensify on the slightest pullbacks of the market.

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