USD breaks patterns. Forecast as of 30.10.2023

Will a rally in Treasury yields help EURUSD bears? Will bulls take advantage of the USD's seasonal weakness towards the end of the year instead? But what if both factors no longer work? Let's discuss this topic and make up a trading plan.

Weekly US dollar fundamental forecast

The traditional theory that raising rates cools both the economy and inflation no longer works. US GDP expanded by 4.9% in the third quarter, and the 6-month PCE in September fell to 2.8%, approaching the Fed target. Treasury yields have jumped to 5%, but their rally is no longer leading to the USD… Read full author’s opinion and review in blog of #LiteFinance