Market´s Move

29 июн. 2023 г.

In my opinion, the most significant news for the forex market was the comments made by Powell, which implied that two interest rate hikes are expected this year, strengthening the dollar. Additionally, there were significant economic data regarding the unemployment claims in the United States, which were expected to decrease from 265K to 264K but decreased to 239K, confirming Powell's hawkish comments and further strengthening the USD.

It is important to remember that the market can be volatile, and risk is always involved in any trade. Therefore, it is advisable to continue monitoring relevant economic indicators and news to make informed decisions and have a clear strategy and risk management plan to minimize potential losses. This is particularly relevant when considering significant currencies and commodities.

Perspective on major currencies and commodities.

USD-BULLISH
EUR-BULLISH
GBP-BULLISH
CAD-NEURAL
JPY-BEARISH
AUD-BEARISH
NZD-BEARISH
CHF-NEUTRAL
XAU-BEARISH
USOIL-BULLISH
US STOCKS-NEUTRAL

Interest Rates Probabilities:

Bank of Canada - Hike - 56%
Bank of England - Hike - 67%
Bank of Japan - Hold - 87%
European Central Bank - Hike - 88%
Federal Reserve - Hike - 83%
Reserve Bank of Australia - Hold - 63%
Reserve Bank of New Zealand - Hold - 92%
Swiss National Bank - Hike - 69%