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: 10.04.2026 Expectation: 500 pips
AUDCAD flashes short-term buy signal
03 April 2026 47
Period: 10.04.2026 Expectation: 800 pips
GBPUSD is poised to resume decline after short-term bullish momentum
03 April 2026 38
Period: 29.05.2026 Expectation: 2000 pips
Selling USDCAD with 1.37250 target
03 April 2026 33
Period: 30.04.2026 Expectation: 1300 pips
Investing in SPX during correction with 6,700 in sight
03 April 2026 25
Brent sell
Period: 10.04.2026 Expectation: 850 pips
Brent crude pullback is coming as geopolitical premium fades
03 April 2026 49
Period: 30.04.2026 Expectation: 850 pips
Selling EURUSD down to 1.1490
03 April 2026 40
Go to forecasts