Posts from: January 2013

Forecast for the week of 28.01.2013 – 01.02.2013

The coming week will become very important for the US Dollar and will be rich in the macroeconomic releases and events. The USFR Federal Open Markets Committee will hold its next two-day meeting the outcome of which will be published on Wednesday at 19:15 GMT. On the same day at 13:15 GMT a media release on the new jobs in the non-industrial sectors of the US will be made by ADP Inc., and on Friday, the Labor Data Bureau will publish the equivalent data as well as the unemployment level figures.

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Report for the week of 21.01.2013 – 25.01.2013

The US Dollar’s dynamics in relation to the world’s main currencies over the period of January21-25 turned out rather noisy and volatile, since the news background proved saturated and controversial. The macroeconomic data from the Eurozone continued improving, provoking growth of demand for the risky assets while in Asia the Bank of Japan meeting’s outcome initially disappointed the currency market’s participants. No key macroeconomic data from the US was published over this period yet the data that was being released was of a generally positive nature, hinting at the increase of the world’s largest economy’s growth pace and decreasing the chances for the third round of the quantitative easing being protracted. Therefore, the Dollar failed to substantially change its positions after the week. Closer to the second half of the day on Friday, January 25, the USDX index lost 0.2% in the aftermath.

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