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21.11.2022: USD comes out on top: outlook for USDX, USD/JPY, AUD/USD
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27.01.2023: Wall Street evaluating consumer spending and corporate earnings.
2023-01-27 19:10 UTC+3
27.01.2023: US may avoid recession. Outlook for oil, gold, RUB
2023-01-27 15:14 UTC+3
27.01.2023: USD stuck in narrow range; outlook for USDX, USD/JPY, AUD/USD
2023-01-27 14:24 UTC+3
26.01.2023: Wall Street in limbo (S&P500, USD, CAD, Bitcoin).
2023-01-26 19:40 UTC+3
25.01.2023: Signs of recession in US may boost EUR and GBP. Outlook for EUR/USD and GBP/USD
2023-01-26 17:25 UTC+3
26.01.2023: Oil prices settle unchanged despite weaker dollar. Outlook for oil, gold, RUB
2023-01-26 16:21 UTC+3
26.01.2023: Speculators await crucial economic data; outlook for USDX, USD/JPY, AUD/USD, NZD/USD
2023-01-26 15:32 UTC+3
25.01.2023: Wall Street clouded by pessimism (S&P500, USD, CAD, Bitcoin).
2023-01-25 20:23 UTC+3
25.01.2023: USD to go on falling? Outlook for EUR/USD and GBP/USD
2023-01-25 18:12 UTC+3
25.01.2023: Oil prices pull back. Outlook for oil, gold, RUB
2023-01-25 15:08 UTC+3
25.01.2023: USD and JPY choppy ahead of crucial data; outlook for USDX, USD/JPY, AUD/USD, NZD/USD
2023-01-25 15:06 UTC+3
24.01.2023: Wall Street retreating from highs ahead of corporate reports from heavyweight companies.
2023-01-24 19:58 UTC+3
24.01.2023: Why traders expect depreciation of USD?
2023-01-24 17:59 UTC+3
24.01.2023: Oil, gold prices inch higher on broad dollar losses. Outlook for oil, gold, RUB
2023-01-24 16:27 UTC+3
23.01.2023: Wall Street trading cautiously, with eye on corporate earnings and forecasts.
2023-01-23 19:13 UTC+3
23.01.2023: Analysts foresee further USD’s weakness. Outlook for EUR/USD, GBP/USD.
2023-01-23 17:37 UTC+3
Forex forecast 01/20/2023 on EUR/USD, GOLD, Crude Oil and Bitcoin from Petar Jacimovic
2023-01-23 16:17 UTC+3
23.01.2023: Oil extends bull run. Outlook for oil, gold, RUB
2023-01-23 15:50 UTC+3
20.01.2023: Wall Street cheers news from Netflix (S&P500, USD, CAD, Bitcoin).
2023-01-20 19:41 UTC+3
20.01.2023: Currencies now depend solely on political factors. Outlook for EUR/USD and GBP/USD
2023-01-20 18:24 UTC+3
20.01.2023: Oil and gold prices rebound on China demand hopes. Outlook for oil, gold, RUB
2023-01-20 17:56 UTC+3
Investors who pinned hopes on a slowdown in monetary tightening had to face the brutal truth. Last Thursday, St. Louis Fed President James Bullard said that the key rate might be hiked to 5-7%.

At first, speculators took Bullard’s remarks with a pinch of salt. However, the hawkish comments of another Fed policymaker made them change their mind. On Friday, Boston Fed President Susan Collins said that "Restoring price stability remains the current imperative and it is clear that there is more work to do."

Fed Chair Jerome Powell warned about this in October. Price stability implies a drop in inflation to the 2% target. It means that key rates may remain high for a long period of time.

Moreover, one of the three key inflation indicators for the Fed signaled further growth. This is the ISM Non-Manufacturing PMI, which accounts for more than a quarter of the Consumer Price Index. If prices for essential goods and houses declined, the cost of services – from healthcare to auto insurance rose sharply. They are also projected to climb higher.

In October, the Non-Manufacturing PMI Index grew to 70.7 for the first time in six months. Hence, the Fed is still unable to rein in inflation. For this reason, it is sure to stick to aggressive tightening.

Today, the US stock futures are trading with modest gains. This training week will be shorter in the US on the occasion of the holidays. Investors will hardly be willing to buy risky assets. If so, it will be extremely bullish for the US dollar.

Last week, the US dollar's net positioning turned short for the first time since July 2021 following inflation data. The euro and pound sterling reached multi-month highs against the US dollar. However, the US dollar index jumped above 107 amid the hawkish comments of Fed policymakers. It approached a weekly high of 107.6. It is also up today thanks to rising US government bond yields. In the Asian session, it was steadily moving to the upper border of the range of 106.9-107.6.

Looking back, the 2022 year turned out to be quite successful for the greenback. It soared to new highs thanks to the rapidly recovering economy, monetary tightening, and geopolitical woes. So, a drop in long positions could indicate that investors are summing up the results of the year.

The yen weakened due to the growing US dollar and US Treasuries. In Japan, the core inflation surged to a 40-year high in October. BoJ governor Haruhiko Kuroda confirmed once again that the regulator would stick to an ultra-soft stance to support economic growth.

Given that the Fed remains strongly committed to aggressive tightening, the BoJ’s dovish approach exerts pressure on the yen. At the start of the Asian session, the dollar/yen pair remained almost unchanged, hovering at 140. However, later it slid from the range of 140.2-141.2 to 141.1.

Judging by the technical indicators, the support levels are located at 139.9 and 136.9. The resistance levels are seen at 141.2 and 143.3. If the pair fails to consolidate above 141.2, it may facilitate further decline.

The RBA meeting is scheduled for December 6. The regulator is likely to raise the interest rate by only 25 basis points. Therefore, the Australian dollar is highly likely to slide down.

In the Asian session, the Aussie dropped to 0.6629, fluctuating in the price corridor of 0.6623-0.6686. It logged the fourth intraday fall in a row, moving away from a two-month high of 0.6798.


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00:00 INTRO
00:27 US Fed
01:19 ISM NON-MANUFACTURING PMI
02:01 USDX
03:19 USD/JPY
05:11 AUD/USD
日历和评论
Trader’s calendar on January 30- February 1: Fed’s rate decision keeps traders in suspense.
Trader’s calendar on January 26-27: USD facing challenge.
Trader’s calendar on January 12-13: US Fed beats inflation?
Trader’s calendar on January 5-6: Recession fears resurface in financial markets.
Trader’s calendar on January 2-4: How financial markets to start 2023?
Trader’s calendar on 19 – 21 December: Traders should keep calm.
编辑选择
The face of InstaForex Company Ilona Korstin, successfully playing for the Spanish basketball team Avenida, invited InstaForex TV team to Salamanca to see the final game of Spain Championship. In addition to the basketball play-off which Ilona had won, the journalists visited the places of interest in Salamanca: the oldest European University - in olden times such persons as Cervantes, Calderуn and Lope de Vega were studying here. InstaTV team also had a chance to admire cathedrals and castles of Spanish Renaissance.
Anna Kochkina, Director of Special Projects at InstaForex, speaks about the way InstaForex treats its customers (ShowFx World Conference in Riga)
Trader’s calendar on January 30- February 1: Fed’s rate decision keeps traders in suspense.
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