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18.11.2022: USD searches for another reason to rise. Outlook for EUR/USD and GBP/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
Signs of the US inflation slackening turned out to be short-lived. Now, traders are waiting for proof of the tendency in reports for November and December. They even stopped selling the US dollar ahead of the publication of such reports. Concerns were also caused by announcements made by some representatives of the Federal Reserve. They hinted that the regulator intended to remain stuck to its aggressive approach.
Meanwhile, the eurozone consumer prices continue to rise. In October, inflation reached its peak of 10.6% per annum. This level several times exceeds the ECB’s target of 2%.
Map of the EU
Under such conditions, the ECB will have to raise the key interest rate higher to combat surging inflation. What is more, Christine Lagarde said that the central bank would take radical measures despite the risk of a recession. At the moment, there are no clear forecasts about the next key interest rate hike. Some analysts expect a rise of 75 basis points, whereas others predict a 50-basis-point hike. Notably, there are whispers about tapering the QE program, which may somehow support the euro.

On the chart, we see that the upward cycle of the euro/dollar pair slackened near the resistance level of 1.0500. After that, the pair showed a technical bounce and entered a sideways channel. The channel was formed between the levels of 1.0300 and 1.0500.
Under the current conditions, the quote is likely to hover within the channel. This price movement may lead to a change in the market sentiment, which will cause new speculative price swings.
The main trading strategy is based on a breakout and the price settlement beyond either limit. The upward scenario will become possible if the price consolidates above 1.0500 on the four-hour chart. This will lead to the prolongation of the upward cycle from the low of the downtrend.
Traders will consider a downward scenario if the price settles below 1.0300. In this case, the price is highly likely to return to 1.0150.
Meanwhile, the pound sterling managed to recover after a decline on Thursday. Investors appreciated a new budget formation plan proposed by the government. Jeremy Hunt outlined a £55 billion package of tax rises and spending cuts for the UK. He also noted that the UK economy had already tipped into a recession.

However, investors remained focused on some positive factors. Thus, today, the UK disclosed its retail sales data for October, which was better than anticipated. The indicator increased by 0.6% instead of a rise of 0.3%.

At the beginning of the week, the pound/dollar pair indicated two control levels of 1.1750 and 1.2000. The pair has been hovering between these levels amid the fundamental factors. Although the range is wide, we can say that the pair is stagnant. This, in turn, may lead to an accumulation process.
Against the backdrop, traders may use a rebound strategy. However, it will be better to apply a breakout method. Thus, the strongest buy or sell signal will appear once the price settles beyond either limit on a daily chart.


00:00 Intro
00:53 ECB’S KEY INTEREST RATE
01:35 EUR/USD
03:14 UK RETAIL SALES, M/M
03:34 GBP/USD

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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
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Trader’s calendar on January 30- February 1: Fed’s rate decision keeps traders in suspense.
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