Get an outlook of the upcoming Forex market changes!
The index of confidence in the economy in the manufacturing sector increased in September to 22 points from 11 points in the previous month.
The head of FED noted that the US growth remains manageable with low-interest rates.
The period of cheap US Dollar will be extended for some time allowing investors to hunt for higher yields in the emerging markets.
The EUR/GBP has gone through some interesting stages in the past weeks and now it is at the prime point to be sold.
BoJ is actively trying to find alternative ways to pep up the economy while keeping the rates unchanged.
The weak US dollar usually supports gold as it boosts the metal’s appeal as an alternative asset and decreases prices of dollar-denominated commodities for holders of other currencies. Same happened today!
The OPEC members are close to reaching an agreement on the output freeze after a tough week on the market.
As the State Duma elections took part this Sunday, we can assume that there are steady positions ahead for the Russian Ruble. At the same time, GPB shows very promising rise for the future.
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The CBR sees that the measures to de-dollar the bank assets and liabilities have a strong effect, but they deem it necessary.
Rising inflation and robust labour market growth are two key components for monetary tightening according to the FED.
The borrowing costs remained at their historically low level at 0.25%
The Crude oil is approaching the broken descending channel again, which is drawn in at the points 1 and 2.
Traders are second-guessing if major oil producers are able to support the market. At the same time, the UK market has no optimism after the UK Labour market figures were released.