USD: off its game. Forecast as of 15.11.2023

The hawkish stance of FOMC officials did not mislead EURUSD. Traders did not want to sell the pair, knowing full well what game the central bank was playing. The release of US inflation data for October proved this. Let's discuss this topic and make up a trading plan.

Monthly US dollar fundamental forecast

A year ago, after the release of October inflation data, Treasury yields collapsed, stock indices soared, and the US dollar seriously weakened against major world currencies. Then, the slowdown in CPI from 8.2% to 7.7% (the lowest level since January) was a signal that the Fed was… Read full author’s opinion and review in blog of #LiteFinance