05.06.2023: Fed starts blackout period; USD in narrow range. USDX, USD/JPY, AUD/USD, NZD/USD
18.09.2023: USD continues gaining in value despite obstacles. Outlook for EUR/USD and GBP/USD
2023-09-18 18:14 UTC+3
18.09.2023: Calm before storm? Outlook for USDX, USD/JPY, AUD/USD, NZD/USD
2023-09-18 16:08 UTC+3
18.09 - Commodities - Oil gains on tight supply expectations. Outlook for oil, gold, RUB
2023-09-18 15:43 UTC+3
15.09.2023: Wall Street making downward retracement after yesterday’s rally (S&P500, USD, CAD, BTC)
2023-09-15 20:19 UTC+3
15.09.2023: US Dollar remains resilient to all headwinds. Outlook for EUR/USD and GBP/USD
2023-09-15 19:08 UTC+3
15.09.2023: Gold prices set to resume rally. Outlook for oil, gold, RUB
2023-09-15 15:41 UTC+3
15.09.2023: China puts pressure on USD, JPY loses hope for uptrend. USDX, USD/JPY, AUD/USD, NZD/USD
2023-09-15 13:34 UTC+3
14.09.2023: Wall Street less sensitive to inflation data than US Fed? (S&P500, USD, CAD, Bitcoin)
2023-09-14 20:03 UTC+3
14.09.2023: ECB’s decision hampers USD uptrend. Outlook for EUR/USD and GBP/USD
2023-09-14 17:21 UTC+3
14.09.2023: USD seeks reasons to soar. Outlook for USDX, USD/JPY, AUD/USD, NZD/USD
2023-09-14 15:39 UTC+3
14.09.2023: Oil prices to resume gains. Outlook for oil, gold, RUB
2023-09-14 15:21 UTC+3
13.09.2023: Wall Street puzzled as US CPIs paint mixed picture (S&P500, USD, CAD, Bitcoin)
2023-09-13 20:57 UTC+3
13.09.2023: Ready! Steady! Go! US dollar set to hit new highs. Outlook for EUR/USD and GBP/USD
2023-09-13 18:36 UTC+3
13.09.2023: Oil gains as experts predict tight supplies. Outlook for oil, gold, RUB
2023-09-13 16:11 UTC+3
13.09.2023: JPY’s rally on Ueda’s comments not sustainable. USDX, USD/JPY, AUD/USD, NZD/USD, USD/INR
2023-09-13 15:46 UTC+3
12.09.2023: Wall Street to retrace after rally of high-tech stocks (S&P500, USD, CAD, Bitcoin)
2023-09-12 19:09 UTC+3
12.09.2023: Markets anticipate key reports. Outlook for EUR/USD and GBP/USD
2023-09-12 17:32 UTC+3
12.09.2023: Oil market awaits US data. Outlook for oil, gold, RUB
2023-09-12 17:13 UTC+3
12.09.2023: AI boosts ‘Magnificent Seven’ stocks while USD shows resilience. USDX, USD/JPY, AUD/USD
2023-09-12 15:12 UTC+3
Forex forecast 09/12/2023 on EUR/USD, GOLD, Crude Oil and Bitcoin from Petar Jacimovic
2023-09-12 11:36 UTC+3
11.09.2023: Wall Street poised to open new week with gains (S&P500, USD, CAD, Bitcoin)
2023-09-11 20:42 UTC+3
The US dollar rose following a mixed NFP report last Friday. However, as seen on the chart, it grew rather moderately and consolidated in a fairly narrow range of 104.0-104.2.

After the volatility triggered by default fears and the comments of Fed policymakers, many currencies started the new week with small changes. Nevertheless, demand for the US dollar kept rising. In the Asian session, the greenback hit an intraday high of 104.3.

The yield of US Treasury notes also climbed in the morning. For example, the 1-year government bonds went up sharply this morning, trading near a 23-year high of 5.3%.

The dollar/yen pair jumped as well. Growing US government bonds as well as upbeat NonFarm Payrolls report increased the likelihood of a new rate increase. It facilitated the upside potential of the US currency.

All these factors triggered a sell-off of the pair. It slid into the range of 139.9–140.5. In the Asian session, the dollar/yen pair broke above the resistance level of 140, touching 140.4.

A breakout of 140.4 could push the pair to the resistance level of 140.9, which is the high of May 30. It may even climb to the semi-annual high of 141.6. Given the economic reports on Japan’s economy published today, the yen will hardly recover in the near future.

The JIBUN Bank Services PMI Index for May came out slightly below the forecasts. The reading amounted to 55.9% versus the consensus estimate of 56.3%. However, the Composite PMI Index, which measures the output in the manufacturing and services sectors, rose in May at the fastest pace since October 2013. The indicator stood at 54.3%. Strong economic data enable the Bank of Japan to stick to an ultra-loose stance. So, the yen is likely to remain weak against the US dollar.
Commodity currencies declined at the start of the week. The Australian dollar kicked off Monday with a fall in the price corridor of 0.6587–0.6618. Compared to the moderate consolidation of the US dollar, the aussie is very volatile today. Strong bullish sentiment on the greenback exerts pressure on the aussie.

However, growing optimism in stock markets and rising oil prices are pushing it up as a risk asset and a commodity currency. In addition, the RBA will announce its rate decision tomorrow. This is the main reason why the Australian dollar is so volatile today.

Consumer prices in Australia have been rising for the ninth month in a row and remain at a 30-year high. At the same time, the annual inflation totaled 7 % in the first quarter of 2023. The monthly figure amounted to 6 %. So, inflation is still far from the 2-3% target.

RBA governor Philip Lowe said that the regulator still has work to do. Perhaps he hinted at a hawkish move at the upcoming meeting. In March, the regulator raised the key rate by a quarter point and in April it took a pause.

If the aussie still has a chance to advance depending on the RBA’s decision, the New Zealand dollar is not so lucky in this regard. The central bank has hiked the interest rate 12 times in a row since October 2021 and seems ready to take a pause at its meeting a week later – on June 12.

Therefore, the kiwi started the week with a drop due to external factors. It was trading at 0.6053. In the Asian session, the kiwi/dollar pair was moving in the range of 0.6043–0.6083.

00:00 Intro
00:57 US
01:30 Jerome Powell
01:53 USDX
02:53 USD/JPY
04:31 AUD/USD
05:18 Philip Lowe
06:00 NZD/USD


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Calendar and reviews
Trader’s calendar on september 28-29: USD to decline after important data?
Trader’s calendar on september 25-27: Capital flows from Europe to US persist
Trader’s calendar on september 21-22: EU economies on brink of collapse?
Trader’s calendar on september 18-20: USD to continue its rally?
Trader’s calendar on september 14-15: China’s economy gradually recovering?
Trader’s calendar on september 11-13: USD to continue to strengthen
Editor's choice
InstaForex TV team visited the Iguazu Falls and the world-known Brazilian Bird Park on the way to Dakar 2012 in South America. InstaForex is the title sponsor of InstaForex Loprais Team, a participant of the Dakar rally. Join us in our promenade and listen to the roar of great water streams falling from the celestial heights, feel the dew of rainforests and enjoy bright colours of tropical birds. In this video you will learn why the Iguazu Falls is called a Wonder of the World and see birds which you can hand-feed in park aviaries.
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Trader’s calendar on september 28-29: USD to decline after important data?
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