Weekly Forex Outlook: 04/08/2023 – US inflation report coming up as dollar storms higher
August 4, 2023 10:59 am
The spike in US yields this week gave the dollar a boost, but the longevity of this recovery will be decided by the next edition of US inflation. According to the Cleveland Fed Nowcast model, there is some scope for an upside inflation surprise, which would be a blessing for the dollar. Aside from this release, there isn’t much else that can disturb the waters next week.
0:00 Intro 0:11 US Dollar 1:05 US Inflation 2:21 Broader Outlook 3:19 Pound
For more information on the topics discussed in this video, including detailed charts and tables, read the full Weekly Forex Outlook article:
The Risk Warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date Risk Warning
Visit the XM Research Portal for your daily dose of market news and analysis, as well as live education sessions, and other useful trading tools: https://www.xm.com/research/analysis
In-depth Weekly Forex Outlook analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CAD, AUD/USD as well as gold, oil, stock indices, commodities and stocks.
The spike in US yields this week gave the dollar a boost, but the longevity of this recovery will be decided by the next edition of US inflation. According to the Cleveland Fed Nowcast model, there is some scope for an upside inflation surprise, which would be a blessing for the dollar. Aside from this release, there isn’t much else that can disturb the waters next week.
0:00 Intro
0:11 US Dollar
1:05 US Inflation
2:21 Broader Outlook
3:19 Pound
For more information on the topics discussed in this video, including detailed charts and tables, read the full Weekly Forex Outlook article:
https://www.xm.com/research/analysis/previews/xm/week-ahead-us-inflation-report-coming-up-as-dollar-storms-higher-184134
Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.
Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en
The Risk Warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date Risk Warning
Visit the XM Research Portal for your daily dose of market news and analysis, as well as live education sessions, and other useful trading tools: https://www.xm.com/research/analysis
In-depth Weekly Forex Outlook analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CAD, AUD/USD as well as gold, oil, stock indices, commodities and stocks.
#inflation #dollar #sterling
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