Euro on fire. Forecast as of 28.07.2023

Turmoil in the financial markets resulted from the actions of the Bank of Japan, divergence in economic growth, and a soon end of the ECB monetary tightening cycle crashed the EURUSD. Let us discuss the Forex outlook and make up a trading plan.

Weekly Euro fundamental forecast

The EURUSD crashed not because of the strong US GDP data. Neither the reason was Christine Lagarde’s dovish stance. The turmoil started because of the Nikkei newspaper, which said that the Bank of Japan intends to keep control of the bond yield curve in the previous range of +/-0.5% but will allow bond… Read full author’s opinion and review in blog of #LiteFinance