After a series of central bank meetings, the foreign exchange market entered a phase of strong consolidation.
For the first time in the last 10 years, the Federal Open Market Committee (FOMC) has decided to cut the interest rate by 0.25% to 2.25%.
Below is the full text of this historic decision. Continue reading
The week before last week was marked by the most significant weekly decline in the US dollar index (USDX) for the entire last period of its growth. And this is more than one year.
During the entire last year, investors and speculators bought the US dollar at all its falls and were in profit. Continue reading
Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate.
Job gains have been strong, on average, in recent months, and the unemployment rate has remained low. Household spending has continued to grow strongly, while growth of business fixed investment has moderated from its rapid pace earlier in the year. Continue reading
The upward trend of the US dollar in recent days has slowed down in its development. Is it just a pause in the foreign exchange market or signs of an approaching reversal?
Over the past few days, the US dollar (USDX) has been consolidating around the level formed by the previous high on the value of 96.836. Continue reading
Trade wars and an endless stream of US sanctions force even America’s close allies to work out measures to protect their own financial systems and business.
The European Commission plans in the near future to submit its proposals for replacing the dollar in European financial transactions. Continue reading
On August 8, 2018, the Bloomberg news agency published a very entertaining material entitled “JPMorgan Says Trump May Sell Dollars as Weapon in U.S. Trade War“. This article (oddly enough) came out on the eve of the fact that the dollar (USDX index) broke through the mirror resistance at 95.00 and left the medium-term consolidation zone. Continue reading