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US Dollar: forecast for October 12-18
Kira Iukhtenko
The Fed’s rate hike timing remains the most important topic for the currency traders. FOMC meeting minutes released last week disappointed. The members discussed the increased economic risks, not the need for a rate hike. Combination of the “dovish” minutes with the weak September labor market data killed the demand for the US currency. Chances for a rate hike this year are gradually declining.
On the new week, on Wednesday, we will watch September retail sales figures. According to the forecasts, data could render temporarily support for the US currency. However, the rally is unlikely to last long: CPI on Thursday is expected to show price growth slowdown.
What’s more, US companies are to release Q3 earnings on October 8-22. Data will give a clue to the US economic activity and set a new trend for risk sentiment.
More:
http://fxbazooka.com/en/analitycs/show/6688
US Dollar: forecast for October 12-18
Kira Iukhtenko
The Fed’s rate hike timing remains the most important topic for the currency traders. FOMC meeting minutes released last week disappointed. The members discussed the increased economic risks, not the need for a rate hike. Combination of the “dovish” minutes with the weak September labor market data killed the demand for the US currency. Chances for a rate hike this year are gradually declining.
On the new week, on Wednesday, we will watch September retail sales figures. According to the forecasts, data could render temporarily support for the US currency. However, the rally is unlikely to last long: CPI on Thursday is expected to show price growth slowdown.
What’s more, US companies are to release Q3 earnings on October 8-22. Data will give a clue to the US economic activity and set a new trend for risk sentiment.
More:
http://fxbazooka.com/en/analitycs/show/6688