InstaForex Kuvat Raharjo
Euro could tumble after ECB meeting
Inflation in the euro area fell to 2.44% year-on-year in March, with price growth in the services sector slowing to 4%. Core inflation also declined due to a sharp slowdown in food price growth to 2.7% on an annual basis. According to the ECB, rising core...
6 months ago
US dollar enjoys gains
The net long dollar position increased by another $2.4 billion over the reporting week, totaling $16.1 billion, showing confidently bullish positioning. The dollar gained mainly against the euro and the yen, with minor repositioning against other currenci...
6 months ago
GBP/USD: Will sterling hold steady against dollar?
The UK economy is recovering from a mild recession in 2023. According to NIESR, UK GDP grew by 0.1% in February, driven by increased production volumes, particularly in the manufacturing and services sectors. NIESR forecasts GDP to grow by 0.4% in the fir...
6 months ago
AUD/USD: Australian dollar remains under pressure
The absence of significant macroeconomic reports from Australia suggests that the Australian dollar will keep trading in sync with the market, primarily reacting to the news from the United States and the dollar's dynamics.The first rate cut by the RBA is...
6 months ago
Less reason to expect the dollar to weaken
The net long USD position increased by $7.8 billion to $25.5 billion over the reporting week, hitting a 5-year high. Speculative positioning remains firmly bearish, with no signs of slowing down. The euro suffered the greatest losses, losing $2.8 billion,...
5 months ago
USD/JPY breaks 155, markets are waiting for intervention. Review of USD/JPY
The Bank of Japan will hold its meeting on Friday, and it is widely expected to leave its benchmark interest rate unchanged. Along with the decision, updated forecasts will be presented, which are expected to serve as the basis for rate forecasts, which c...
5 months ago
Key labor market and inflation data will reduce uncertainty regarding the pound. Overview of GBP/USD
The Bank of England started its easing cycle on August 1, and the market expects a further 50 basis points cut by the end of the year. The Bank of England's chief economist, Huw Pill, voted against the cut and warned against expecting more rate cuts in th...
2 months ago
Overview of USD/JPY; The yen seeks stability
The Consumer Price Index (CPI) in the U.S. decreased from 3.0% to 2.9% in June, which is below the forecast. However, the market reacted calmly, as this did not add extra pressure on the Federal Reserve. The Fed is primarily focused on the core index, not...
2 months ago
The Euro Develops Bullish Momentum. Overview of EUR/USD
The economic situation in the Eurozone remains stable, with incoming data not distorting the overall assessment of the key macroeconomic indicators that could potentially alter forecasts for the euro.The PMI data for July generally aligned with expectatio...
1 month ago
Bullish Momentum for the Pound Gains Strength
The Bank of England, as expected, kept the interest rate at 5% during the meeting that concluded last week, with votes split 8 to 1 instead of the anticipated 7 to 2, indicating a more hawkish stance than expected.The BoE maintained a significant portion...
3 weeks ago