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Analytics today
New Zealand's economy is slowing down. Economic activity fell 0.1% in the December 2023 quarter as measured by gross domestic product. This follows a 0.3% fall in the September 2023.
Markets await the Bank of England's decision. Overview of GBP/USD
The Bank of England is scheduled to hold its monetary policy meeting on Thursday, March 21. It is expected that the rate will be kept at the level of 5.25%.
Euro rebounds on rate expectations amid industry slump. Overview of EUR/USD
In January, industrial production dropped sharply by 3.2% in the euro area, while production fell 6.7% year-on-year, with both indicators significantly worse than forecasts. Europe's largest economy may have already.
EUR/USD Overview: Euro ticks up
Last week, the ECB left interest rates unchanged as expected. In its new staff projections, the 2024 outlook for GDP, headline inflation, and core inflation was revised down. For 2025.
The Australian dollar has a chance to rise
The week was quite informative for the Australian dollar. GDP rose 0.2% in the fourth quarter, domestic demand remains weak and is largely supported by the public sector. Household consumption.
FOMC minutes did not support the dollar. Risk appetite led to sales of safe-haven assets. Review of USD, CAD, JPY
The FOMC minutes of the January meeting did not contain any surprises and generally matched the tone of comments made after the meeting. Most Committee members took note.
The market is confident that the US dollar will continue to rise. Overview of USD, NZD, AUD
The US dollar continues to maintain the highs it reached on Monday; a slight pullback appears to be a technical correction rather than a sign of potential weakness. On Tuesday.
The dollar is regaining initiative; the threat of rising inflation could alter the Fed's plans for rate cuts
The US economy generated the largest increase (+353,000) of non-farm jobs since the sharp rise in January 2023. In addition to this, December's job gains were revised higher by 117,000.
Yen and Canadian Dollar get a chance to keep rising. Overview of USD, CAD, JPY
Risk appetite unexpectedly decreased on Wednesday as stock markets turned red, yields fell, and the US dollar slightly recovered from the previous days' losses. The rally that was about.
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This section is updated daily and contains market analysis prepared by professional analysts on behalf of InstaForex. Each of the specialists presents analytical reviews in accordance with his/her vision of the current situation on the foreign exchange and other markets. However, the outlooks below are neither recommendations nor instructions to any actions. They contain analysis of the current situation on financial markets. In some cases, analysts' opinions about current market conditions may differ.