6 October 2022 | Other

Dollar decreased, but not weakened

U.S. service sector indicators rose again in September, regardless of the reduction in the trade deficit and the stability of the labor market this month. The President of the San Francisco FRB, Mary Daley, expressed confirmation of policymakers' focus on fighting inflation. She also rejected the market's hopes for a rate decrease in 2023.

Imre Speiser, a currency strategist at Westpac, suggested that people may be a little bit premature in their assessment of a decrease in U.S. rates.

U.S. labor market data will come out on Friday. Traders are waiting for this information to estimate the FRS interest rates in terms of the speed and level of growth.

Company MarketCheese
Period: 20.03.2026 Expectation: 1200 pips
Selling silver with $72 in sight
06 March 2026 47
Period: 31.05.2026 Expectation: 500 pips
EURUSD selloff targets 1.11000
06 March 2026 39
Period: 13.03.2026 Expectation: 1560 pips
GBPUSD eyes key resistance before resuming downtrend
06 March 2026 41
Period: 30.06.2026 Expectation: 14400 pips
Selling silver amid declining production in US and Europe
06 March 2026 36
Brent sell
Period: 13.03.2026 Expectation: 700 pips
Brent's run loses steam as Russian crude reenters market
06 March 2026 60
Period: 12.03.2026 Expectation: 22900 pips
Investing in ETHUSD on pullback before flat trend ends
05 March 2026 63
Go to forecasts