5 Things to Watch Next Week
- The Dollar: Will the weakness continue?
The US Dollar has been in trouble since the recent Federal Reserve meeting, despite the fact that the central bank raised its benchmark interest rate. The rate hike, in theory, should help the currency, but this time, the bank’s cautious outlook, together with the preceding rally in the Dollar, the reaction was the exact opposite. A classic “buy the rumor sell the news” situation.
As the Dollar has been pushing higher against most of the major currencies since the election, there is still more room for correction in the reserve currency.
EUR/USD, Daily Chart Analysis
- The US GDP print and the CB consumer confidence Index: The Fed is watching
Arguably the two most important economic releases of the week could have profound effects on financial markets following the latest Fed meeting, as the rate hike schedule of the bank remains a mystery.
- Ethereum: New highs ahead?
Ethereum has been
Read more ... source: CryptoCoinsNews
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