USD acts calm. Forecast as of 05.10.2023

Weak data on private employment and business activity in the services sector made investors doubt the strength of the US economy. Is this enough for a EURUSD correction? Let's discuss this topic and make up a trading plan.

Weekly US dollar fundamental forecast

Perhaps the US economy is not as stable as is commonly believed. The slowdown in business activity in the services sector from ISM from 54.5 to 53.6 in September, as well as the increase in private sector employment from ADP of 89 thousand (the weakest since January 2021), made investors question the rationality of further sales of US… Read full author’s opinion and review in blog of #LiteFinance