19.01.2023: EUR and GBP drop as market expectations change. Outlook for EUR/USD and GBP/USD
22.03.2023: Final rate hike? Wall Street awaits Powell’s comments with bated breath.
2023-03-22 19:32 UTC+3
22.03.2023: How Europe manages to put USD under pressure? Outlook for EUR/USD and GBP/USD
2023-03-22 15:17 UTC+3
22.03.2023: JPY wins luster with investors; USD unable to climb. USDX, USD/JPY, AUD/USD, NZD/USD
2023-03-22 14:47 UTC+3
22.03.2023: Fed rate decision takes focus. Outlook for oil, gold, RUB
2023-03-22 14:32 UTC+3
21.03.2023: Investors dispelling fears; risky assets gaining ground after sell-off.
2023-03-21 19:55 UTC+3
21.03.2023: USD to face sell-off?
2023-03-21 15:40 UTC+3
21.03.2023: USD breaks out of narrow range ahead of Fed meeting; USDX, USD/JPY, AUD/USD, NZD/USD
2023-03-21 15:33 UTC+3
21.03.2023: Recession fears return. Outlook for oil, gold, RUB
2023-03-21 15:20 UTC+3
20.03.2023: Wall Street still digesting turbulent weekend.
2023-03-20 19:28 UTC+3
20.03.2023: Banking crisis worries persist. Outlook for oil, gold, RUB
2023-03-20 17:31 UTC+3
20.03.2023: Investors prefer European currencies to USD.
2023-03-20 16:32 UTC+3
20.03.2023: USD bulls in control despite downward movement (USDX, USD/JPY, AUD/USD, NZD/USD)
2023-03-20 15:38 UTC+3
17.03.2023: Storm calms down but jitters still simmering.
2023-03-17 20:27 UTC+3
17.03.2023: USD declines amid increased risk appetite; outlook for USDX, USD/JPY, AUD/USD, NZD/USD
2023-03-17 16:10 UTC+3
17.03.2023: Markets expect fresh signs of recession in US.
2023-03-17 14:17 UTC+3
17.03.2023: ECB stokes recession fears. Outlook for oil, gold, RUB
2023-03-17 13:59 UTC+3
16.03.2023: Wall Street soothing its nerves after several volatile sessions.
2023-03-16 20:09 UTC+3
16.03.2023: Oil prices sink on banking fears. Outlook for oil, gold, RUB
2023-03-16 16:38 UTC+3
16.03.2023: How ECB may react to banking crisis?
2023-03-16 16:34 UTC+3
16.03.2023: Investors cast doubt on USD as safe-haven asset (USDX, USD/JPY, AUD/USD, NZD/USD)
2023-03-16 16:05 UTC+3
15.03.2023: Wall Street braces for market turbulence.
2023-03-15 21:09 UTC+3
In the past couple of weeks, prices in the market were driven by expectations that the US Federal Reserve would raise interest rates by 25 basis points at a meeting on February 1 and then would be prepared to adjust the stance of monetary policy. Those assumptions are seen as the main reason behind a weaker dollar.

However, that was only until yesterday. In the course of the European session and even for some time after the opening of the North American session, the euro and the pound both extended the uptrend despite inflation results in the UK and the eurozone. Consumer prices slowed down, which means the Bank of England and the European Central Bank may soon reduce the pace of tightening and gradually start cutting interest rates with time.

However, everything changed when St. Louis FRB President James Bullard said the US central bank should stay aggressive. He believes there is no guarantee that consumer prices will keep on falling. Moreover, inflation is still high. In other words, the regulator may lift interest rates by 50 basis points at the coming meeting. Clearly, investors had to review their bets and forecasts. As a result, the greenback went up in price.

All eyes are now on what might be the Federal Reserve’s future stance on monetary policy. Any macro data simply lost its weight. Although it came slightly better than forecasts in the United States.

Retail Sales in the United States increased by 6%, beating market expectations of a fall to 5.0%. Given that consumer spending is the main driving force for economic growth, we may assume that the US may avoid a recession.

At the same time, industrial production growth slowed to 1.6% instead of 1.8%, decreasing more than expected. Moreover, the previous reading was downwardly revised to 2.2% from 2.5%. All in all, the decline in industrial production offset positive results for retail sales.

Today, the US will see the release of jobless claims data. However, those figures will unlikely somehow affect the market. Anyway, initial and continuing claims are forecast to rise by 2,000 and 6,000 respectively. Such an insignificant increase will hardly be of interest to investors. Rather, they will keep focusing on future interest rates. Given that the situation has changed, the greenback is likely to strengthen.

The EUR/USD pair is still moving sideways in the range of 1.0800/1.0870.
Price fluctuations within the range indicate an accumulation stage, which may trigger new price swings later.
If the quote consolidates above 1.0880 in the 4-hour time frame, the uptrend will continue. A bearish correction will occur if the pair settles below 1.0770 in the 4-hour time frame.

Moving sideways, the GBP/USD pair was able to break through resistance at 1.2300. The uptrend then accelerated. The pair approached the December high but pulled back, which shows a decrease in buying volumes. The quote then returned to 1.2300.
If the price falls below 1.2250 in the 4-hour time frame, a correction may occur and the quote may head toward 1.2150.
However, should the price settle above 1.2300, buying volumes would increase. In such a case, the pair may update its swing high.


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00:00 INTRO
00:26 European session
00:58 Fed Interest Rate
02:29 Jobless Claims Data
03:04 EUR/USD
03:35 GBP/USD
Calendario y reseñas
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?
Trader’s calendar on March 6-8:Global central banks still considering future monetary policy changes
Trader’s calendar on March 2-3: US economy losing momentum, but USD extending its growth.
Trader’s calendar on February 27-March 1: China leads, US heads for recession.
Elección del editor
The United Arab Emirates seem to be a land where nothing is impossible with its capital city Abu Dhabi being a place of dreamlike fantasies. Glassy skyscrapers and futuristic buildings in the midst of Arabian dessert boggle imagination. And it is hard to believe that half a century back this one of the world’s richest cities called "Arabian Manhattan" did not even know about electricity and water pipe. Today, firmly high oil price which has become a component of UAE economic blossom can become a recipe for success of every trader. Abu Dhabi which is one of the major financial centers in the world holds annual prestigious exhibitions and conferences. In 2011 at the annual event «Forex&Investment Summit» the world-wide known broker InstaForex picked up the "Best Retail Forex Broker" award.
Victoria Azarenka, Belarusian tennis player, official face of InstaForex, shares her professional secrets (Minsk)
Trader’s calendar on March 20-22: What shapes USD more: banking crisis or Federal Reserve?
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