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31.03.2023: USD exerts pressure on EUR. EU inflation slackens. Outlook for EUR/USD and GBP/USD
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02.06.2023: How news about US employment may support USD? Outlook for EUR/USD and GBP/USD
2023-06-02 17:55 UTC+3
02.06.2023: Fed to take pause in monetary tightening? Outlook for USDX, USD/JPY, AUD/USD, NZD/USD
2023-06-02 15:14 UTC+3
02.06.2023: Trades await OPEC+ oil output decision. Outlook for oil, gold, RUB
2023-06-02 15:04 UTC+3
01.06.2023: Wall Street trading cautiously, but optimism dampened by strong labor market.
2023-06-01 19:49 UTC+3
01.06.2023: Oil prices under pressure again. Outlook for oil, gold, RUB
2023-06-01 17:09 UTC+3
01.06.2023: USD keeps winning. Outlook for EUR/USD and GBP/USD
2023-06-01 17:02 UTC+3
01.06.2023: USD rises despite Fed’s dovish rhetoric; outlook for USDX, USD/JPY, AUD/USD, NZD/USD
2023-06-01 15:38 UTC+3
31.05.2023: Wall Street alert to vote on debt ceiling deal.
2023-05-31 20:22 UTC+3
31.05.2023: US may still face default. Outlook for EUR/USD and GBP/USD
2023-05-31 17:32 UTC+3
31.05.2023: Upcoming OPEC+ meeting to jolt oil market. Outlook for oil, gold, RUB
2023-05-31 15:35 UTC+3
31.05.2023: BoJ rhetoric keeps yen from falling - Outlook for USDX, USD/JPY, AUD/USD, NZD/USD
2023-05-31 15:22 UTC+3
30.05.2023: Market sentiment on Wall Street mixed amid debt limit deal, Fed’s agenda, and AI.
2023-05-30 19:52 UTC+3
30.05.2023: USD may rise amid mounting tension in Europe.
2023-05-30 17:59 UTC+3
30.05.2023: Oil, gold retreat. USD set for further gains. Outlook for oil, gold, RUB
2023-05-30 17:27 UTC+3
30.05.2023: Markets see high volatility; USD shows resilience - USDX, USD/JPY, AUD/USD, NZD/USD
2023-05-30 15:35 UTC+3
29.05.2023: US debt ceiling deal inspires Wall Street.
2023-05-29 20:12 UTC+3
29.05.2023: USD slackens ahead of new surge?
2023-05-29 16:44 UTC+3
29.05.2023: Markets kick off week on tepid note. Outlook for oil, gold, RUB
2023-05-29 16:35 UTC+3
29.05.2023: USD slides down after positive shifts in debt ceiling talks; USDX, USD/JPY, AUD/USD
2023-05-29 14:47 UTC+3
26.05.2023: Why USD continues rising? Outlook for EUR/USD and GBP/USD
2023-05-26 16:50 UTC+3
26.05.2023: USD to start correction? Outlook for USDX, USD/JPY, AUD/USD, NZD/USD
2023-05-26 15:33 UTC+3
The euro showed a rapid rise just after the publication of the interview with Frank Elderson, a member of the ECB’s Executive Board. Notably, the currency was gaining in value until the end of the day.
Elderson has become one more official of the European Central Bank who announced the necessity to raise the key interest rate higher, ignoring all the negative consequences for the economy. He supposes that high inflation may damage the local economy even more.
However, since the beginning of the trading day, the US dollar has been growing, though very slowly. Traders were waiting for the preliminary data on the eurozone inflation, which should have slackened to 7.4% from 8.5%. In fact, the consumer price growth slowed down to 6.9%.
It means that the period of the key rate hike in the eurozone will hardly be as long as expected. What is more, the regulator may start to prepare the market for the monetary policy loosening in the near future. In other words, the US dollar will have a chance to return to the levels recorded before the interview with Frank Elderson.
On the trading chart, we see that the euro left the range, exceeding the level of 1.0850 and approaching the previous week’s high of 1.0900. This is how the euro recouped all the losses.
If the euro/dollar pair consolidates above 1.0930, it is highly likely to climb to the psychological level of 1.1000. Otherwise, it may rebound to the range between 1.0850 and 1.0800.
Meanwhile, the pound sterling reached a local high of the mid-term uptrend against the US dollar located at 1.2400. During the period from March 9 to March 31, the pound sterling has added about 5%, which is more than 600 pips.
Since the British pound is overbought, the volume of long positions may drop. The likelihood of such an outcome will become higher if the area near the local high of 1.2400 acts as strong resistance. In the event of this, the price may rebound. However, if traders ignore technical signals of overbought conditions and the quote consolidates above 1.2450 on the daily chart, we may see an inertial movement.
That’s all for now. We keep monitoring the financial market situation. Subscribe to our channel. See you in several hours. We will take a close look at the US trading session.

00:00 Introductory remarks
00:18 ECB interest rate
00:40 Annual euro zone inflation rate
01:04 What to expect from the ECB
01:28 EUR/USD
02:01 GBP/USD
02:52 Conclusion

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Calendario e recensioni
Trader’s calendar on June 1 - 2: Excessive market optimism in Europe?
Trader’s calendar on May 29-31: Analysts provide gloomy forecasts for China.
Trader’s calendar on May 25 - 26: USD to post gains?
Trader’s calendar on May 22 - 24: USD to remain strong?
Trader’s calendar on May 18 - 19: This week to decide USD's future.
Trader’s calendar on May 15 - 17: USD gains steady ground.
Scelta della redazione
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.
Ilona Korstin, Russian basketball player, speaks about the life of a modern athlete (Salamanca)
Trader’s calendar on June 1 - 2: Excessive market optimism in Europe?
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