02.02.2023: USD slumps following Powell’s dovish statements; USDX, USD/JPY, AUD/USD, NZD/USD
30.03.2023: Wall Street growing moderately ahead of inflation data.
2023-03-30 19:33 UTC+3
30.03.2023: USD fails to rise again. Outlook for EUR/USD and GBP/USD
2023-03-30 16:09 UTC+3
30.03.2023: JPY spreads its wings amid USD weakness; outlook for USDX, USD/JPY, AUD/USD, NZD/USD
2023-03-30 15:32 UTC+3
30.03.2023: Data from US Energy Department calms investors. Outlook for oil, gold, RUB
2023-03-30 15:07 UTC+3
29.03.2023: Wall Street investors regain confidence and risk-on mood.
2023-03-29 19:23 UTC+3
29.03.2023: Markets in panic mode as US crude stockpiles plunge. Outlook for oil, gold, RUB
2023-03-29 15:16 UTC+3
29.03.2023: USD may drop again? Outlook for EUR/USD and GBP/USD
2023-03-29 15:15 UTC+3
29.03.2023: Safe-haven assets lose luster with speculators; USDX, USD/JPY, AUD/USD, NZD/USD
2023-03-29 14:41 UTC+3
28.03.2023: Wall Street keeping tabs on hearings in Senate Banking Committee.
2023-03-28 19:31 UTC+3
28.03.2023: USD drops amid ECB’s plans for key rate.
2023-03-28 15:46 UTC+3
28.03.2023: Risk appetite improves as banking fears ease. Outlook for oil, gold, RUB
2023-03-28 15:20 UTC+3
28.03.2023: USD fails to maintain further rise; outlook for USDX, USD/JPY, AUD/USD, NZD/USD
2023-03-28 15:07 UTC+3
27.03.2023: Wall Street shrugging off fears about banking crisis but stoking recession.
2023-03-27 19:12 UTC+3
27.03.2023: Scholz’s statements of zero importance. Traders wait for ECB’s comments.
2023-03-27 17:38 UTC+3
27.03.2023: Oil prices remain range-bound. Outlook for oil, gold, RUB
2023-03-27 15:21 UTC+3
27.03.2023: FSOC fails to abate market concerns; USD hesitant to pick up trajectory.
2023-03-27 14:55 UTC+3
24.03.2023: US statistical reports may allow USD to recover. Outlook for EUR/USD and GBP/USD
2023-03-24 17:35 UTC+3
24.03.2023: Oil dips as US holds off refilling strategic reserve. Outlook for oil, gold, RUB
2023-03-24 15:37 UTC+3
24.03.2023: Fed caught between rock and hard place; outlook for USDX, USD/JPY, AUD/USD, NZD/USD
2023-03-24 14:38 UTC+3
23.03.2023: USD loses momentum; JPY spreads wings. Outlook for USDX, USD/JPY, AUD/USD, NZD/USD
2023-03-23 14:48 UTC+3
23.03.2023: Fed becomes confused as recession approaches. Outlook for EUR/USD and GBP/USD
2023-03-23 14:12 UTC+3
As traders are more confident in the soft-landing scenario, bullish sentiment is now prevailing in stock markets. The US dollar index took a nosedive following the meeting. It is likely to drop deeper today after the rate decisions of the ECB and the Bank of England.

They are expected to be more hawkish than the Fed was. This is why the greenback could slide lower versus its main rivals. Since yesterday, it has already lost more than 1%. In the Asian session, it was trading at 101. The yield of 10-year government bonds went down as well.

It sank to 3.39%, approaching the lows of April 2022. The US dollar index reached a 9-month low. The word "disinflation", or simply a decrease in inflation pushed once almighty dollar in a downward channel. In the morning, it was moving in the bearish corridor of 100.8-101.0.

The euro and commodity currencies rose the most amid a steep decline in the US dollar. However, the yen also managed to climb to 128.6. Apart from the Fed’s dovish rhetoric and falling US government bond yields, it appreciated amid internal factors.

Bank of Japan Deputy Governor Masazumi Wakatabe made hawkish remarks. He said that the December decision to expand the yield range was necessary to make government bonds more stable. He added that the main goal is to return inflation to 2%.

The policymaker also admitted that the regulator could make further tweaks to its policy of yield curve control. Yen bulls took notice of his speech. So, the dollar/yen pair entered the range of 128.2-128.9.
The Australian currency jumped amid a fall in the US dollar and optimism on Wall Street. In the morning, it soared to an 8-month high of 0.7154. After that, its growth slowed down. It was consolidating in the range of 0.7128-0.7160.

The Aussie seems to have finally broken out of the channel formed before September last year. So, it could resume the bullish cycle. The next RBA meeting will be held on February 7. Given the galloping inflation in Australia, the regulator’s rate decision may surprise traders.

This is why its rally is limited. Yet, in the Asian session, the Aussie received support from rising oil prices and risky assets and climbed to 0.7141.
The New Zealand dollar also moved up against the US currency. However, its upward potential is weaker compared to the Aussie. New Zealand is dealing with the consequences of severe flooding, which caused landslides, the destruction of homes, and the closure of highways.
The Reserve Bank of New Zealand meeting is on tap on February 22. The kiwi is growing at a more moderate pace. In the Asian session, it was moving in the range of 0.6500-0.6538. Eventually, it reached 0.6528.

00:00 Intro
00:27 Bullish trend in stock markets
01:00 Jerome Powell
02:16 USDX
03:27 USD/JPY
04:26 AUD/USD
05:23 NZD/USD


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Calendar and reviews
Trader’s calendar on March 30-31: China to give clues to whether it makes sense to risk.
Trader’s calendar on March 27-29: Confidence in US economy is in question.
Trader’s calendar on March 23-24: US Fed setting tone for financial markets?
Trader’s calendar on March 20-22: What shapes USD more: banking crisis or Federal Reserve?
Trader’s calendar on March 16-17: USD losing bullish momentum?
Trader’s calendar on March 9-10: What can be more serious than Fed Chair’s testimony?
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Considering St. Petersburg's business status, InstaForex holds its annual conferences for its partners, traders, and potential clients here. The new event took place in one of the most prestigious hotels of St. Petersburg Marriott Renaissance. Traditionally, the conference focused on the most relevant topics of currency trading and opportunities provided by investments in the forex market.
Max Chilton, Marussia F1 Team driver, speaks about the nuances of motorsports racing (Moscow City Racing, Moscow)
Trader’s calendar on March 30-31: China to give clues to whether it makes sense to risk.
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