Zostať 
Podmienky obchodovania
Nástroje
The US dollar has been falling continuously since the beginning of the month, and initially, it was the usual rebound after a massive collapse. After that, its decline was ensured by elementary speculative hype, supported by information background. Now, American macroeconomic statistics are to blame for everything.
The growth rate of US industrial production slowed down from 5.7% to 4.6%. In addition, the previous results were revised downwards, from 5.9%. As a result, the scale of the decline in industrial production turned out to be much more impressive than expected. However, the growth rate was predicted to slow down from 5.9% to 5.7%. But if there is still growth on an annualized basis, then things are much worse on a monthly basis. The market saw a decline of 1.3% instead of an increase of 0.3%. Therefore, it is not surprising that the correction has been somewhat delayed.
Industrial Manufacturing (United States):
The US statistics will continue to let the US dollar suffer today, as the volume of construction of new houses is expected to fall by 0.9%. Moreover, the number of issued building permits should decrease by 1.8%, that is, the volume of construction will continue to decline. It can be seen that the American statistics are not very positive lately, which is the main reason for the weakening of the US currency.
New Home Construction (United States):
The EUR/USD pair is moving in a corrective pattern from the support point of 1.1530, where market participants have already managed to pass more than 130 points. Considering the downward cycle from early June, buyers of the euro still have the opportunity to weaken the US dollar. The resistance area will be 1.1680/1.1700.
The GBP/USD pair continued the upward trend after a slight pullback from the area of the local high on September 23. This led to the prolongation of the current correction. There is a resistance area of 1.3800/1.3830, within which the next attempt to complete the correction is possible.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
