USD to evalute Fed's work. Forecast as of 08.08.2023

EURUSD's violent reaction to the release of the US jobs report is just the beginning. In a couple of days, inflation data will be published. Let's discuss this topic and make up a trading plan.

Weekly US dollar fundamental forecast

When the Fed's monetary policy is data-dependant, the market's sensitivity to macro data releases rises sharply. Therefore, it is not surprising that even slight deviations of actual US employment figures from Bloomberg's forecasts provoked a violent EURUSD rally. Investors' reaction to the release of US inflation data may be even more violent. The CPI and its related indicators serve as… Read full author’s opinion and review in blog of #LiteFinance