USD untied Fed's hands. Forecast as of 16.08.2023

Strong US retail sales data allow Fed officials to focus on inflation and not worry about the recession, which also returns investors' interest in the US dollar. Let's discuss this topic and make up a trading plan for EURUSD.

Weekly US dollar fundamental forecast

The 0.7% increase in retail sales in July (more than expected by Bloomberg) was another proof that the US economy is the most stable among the struggling economies. While China's GDP is recovering less vigorously, and the energy crisis began to threaten Europe, a strong labor market is favoring consumers in the US. However, this could cause… Read full author’s opinion and review in blog of #LiteFinance