USD corrects mistakes. Forecast as of 31.10.2023

The Treasury's issuance of bonds for more than $1 trillion triggered a rally in Treasury yields and strengthened the US dollar. The Ministry of Finance decided not to repeat the old mistake and allowed the Fed to decide the EURUSD fate. Let's discuss this topic and make up a trading plan.

Weekly US dollar fundamental forecast

The FOMC's September forecasts already look erroneous at the end of October. The Fed expected GDP to expand by 2.1% in 2023 and the core PCE index to rise to 3.7%. This requires the economy to contract by 0.7% in the fourth quarter and inflation to accelerate… Read full author’s opinion and review in blog of #LiteFinance