07.12.2022:USD recovers amid gloomy predictions of Goldman Sachs and JPMorgan:USDX, USD/JPY, AUD/USD
07.02.2023: EUR to outperform USD? Outlook for EUR/USD and GBP/USD.
2023-02-07 16:20 UTC+3
07.02.2023: Oil resumes gains. Outlook for oil, gold, RUB
2023-02-07 15:35 UTC+3
07.02.2023: Speculators anticipate Powell’s speech; outlook for USDX, USD/JPY, AUD/USD, NZD/USD
2023-02-07 14:56 UTC+3
06.02.2023: Wall Street opens in gloomy mood (S&P500, USD, CAD, Bitcoin).
2023-02-06 19:12 UTC+3
06.02.2023: USD may go on gaining in value. Outlook for EUR/USD and GBP/USD.
2023-02-06 17:27 UTC+3
06.02.2023: Oil, gold sharply down after robust US jobs data. Outlook for oil, gold, RUB
2023-02-06 17:12 UTC+3
06.02.2023: USD rallies after robust US jobs data. Outlook for USDX, USD/JPY, AUD/USD, NZD/USD
2023-02-06 14:43 UTC+3
03.02.2023: Wall Street braced for another sell-offs (S&P500, USD, CAD, Bitcoin).
2023-02-03 19:23 UTC+3
03.02.2023: More expensive dollar to influence overall situation? Outlook for EUR/USD and GBP/USD
2023-02-03 16:33 UTC+3
03.02.2023: Crude oil traders await US jobs report. Outlook for oil, gold, RUB
2023-02-03 15:04 UTC+3
03.02.2023: USD flexes muscles; outlook for USDX, USD/JPY, AUD/USD, NZD/USD
2023-02-03 14:17 UTC+3
02.02.2023: High-tech sector extending its rally. Wall Street alert to AAA reports.
2023-02-02 19:46 UTC+3
02.02.2023: USD to go on falling? Outlook for EUR/USD and GBP/USD
2023-02-02 16:58 UTC+3
02.02.2023: USD slumps following Powell’s dovish statements; USDX, USD/JPY, AUD/USD, NZD/USD
2023-02-02 14:21 UTC+3
01.02.2023: Wall Street anticipating red-hot forecast for 2023.
2023-02-01 19:29 UTC+3
01.02.2023: How results of FOMC meeting may affect European currencies? EUR/USD and GBP/USD
2023-02-01 17:01 UTC+3
01.02.2023: Fed meeting in focus. Outlook for oil, gold, RUB
2023-02-01 16:59 UTC+3
01.02.2023: USD trapped in narrow range; outlook for USDX, USD/JPY, AUD/USD, NZD/USD
2023-02-01 14:32 UTC+3
31.01.2023: Investors revising portfolios ahead of Fed verdict (S&P500, USD, CAD, Bitcoin).
2023-01-31 19:45 UTC+3
31.01.2023: Crucial moment for European currencies. Outlook for EUR/USD and GBP/USD.
2023-01-31 16:33 UTC+3
31.01.2023: Markets await Fed and ECB meetings. Outlook for oil, gold, RUB
2023-01-31 16:03 UTC+3
The US dollar took advantage of risk aversion and climbed higher. However, its growth was rather modest. The fact is that the majority of speculators expect a smaller rate hike, which prevents the US dollar from a sharp rise. In the Asian session, the US dollar index advanced to 105.6 versus its main rivals.

For a long period of time, the US dollar has been the undisputed leader on Forex. However, in case of a recession. the US dollar will plummet as well as the economy. So, today rather controversial factors are influencing its trajectory.

Bears are trying to push it lower amid the possibility of a recession and the Fed’s dovish move. However, its growth is facilitated by the risk-off sentiment and hawkish expectations. In the Asian session, it was consolidating in the extremely narrow range of 105.5-105.8 due to a mixed fundamental background.

Despite mixed drivers, the US dollar is still stronger than the yen. The latter was dragged down by Haruhiko Kuroda’s dovish comments.

The BoJ Governor excluded any chance of a policy reversal, saying that the regulator "strives to achieve the 2% inflation target." It means that the yen’s trajectory will hardly change until the expiration of Kuroda’s term in April 2023.

The Japanese currency will mainly depend on the US dollar’s movements. In the Asian session, the dollar/yen pair was trading at 137.5. Judging by the technical indicators, the pair is likely to rise higher.

The resistance level is located at 138.50. The pair may also touch the psychologically important level of 140. If the US currency loses momentum, the pair may reach the support level of 135.5 at the end of the day. The next level is seen at 133.5. On Wednesday morning, the pair was moving in the upward range of 136.8–137.9.

The Australian dollar is more sensitive to external factors. For this reason, it did not react sharply to the negative domestic economic report. Australia's GDP for the third quarter missed expectations, rising to 0.6%.

However, there are plenty of downbeat external factors. Oil prices tumbled due to the strengthening of the US dollar. This is a bearish factor for commodity currencies. There was also no positive news from China. Not long ago, the country announced the easing of some virus restrictions, boosting risk-sensitive currencies. China, Australia's main trading partner, revealed disappointing trade balance data.

This is hardly surprising that the Aussie eventually slid down. It dropped below 0.6700, approaching 0.6690.

Bears are tightening their grip amid risk aversion. The AUD/USD pair is moving in the downward range of 0.6674-0.6717.


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00:00 INTRO
01:11 US Federal Reserve System
02:28 USDX
04:30 USD/JPY
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Calendar and reviews
Trader’s calendar on February 6-8: News determines market sentiment.
Trader’s calendar on February 2-3: ECB and BoE catching up with US Fed.
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.
ایڈیٹر کی پسند
Being the capital and the largest city of the Republic of Moldova Chisinau became the center of attraction for Moldavians. Just like Rome, the city has been growing on seven hills along the river Bîc during six hundred years. As Bîc sounds pretty close to bull in Moldavian we could suppose that the locals prefer trading in an uptrend. Nowadays, locals of Chisinau want to take full advantage of the international currency market, so they are keen to take part in annual finance conferences arranged by InstaForex.
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Trader’s calendar on February 6-8: News determines market sentiment.
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