USD Super Strength Expected
Fundamental wise, The Greenback made a strong push with the ever-rising inflation concern. It seems that the FED is starting to feel the pressure of inflation however the situation remains uncertain as the Delta Variant is still rampant in the US. This seems to be a hopeful outlook towards a rate hike. We should we remain cautious as Final GDP q/q and Unemployment Claims is expected to be released later today (Expected to be good news as inflation is high and the FED announced that they're close to their employment goals.
Final GDP q/q
Unemployment Claims
On the technical side, remain cautious as price is currently testing the 94.300 Level and may reverse towards a weaker USD. If price breaks and retest level 94.300, I will be looking to go long USD across the board.
Final GDP q/q
- Forecast: 6.6%
- Previous: 6.6%
Unemployment Claims
- Forecast: 333K
- Previous: 351K
On the technical side, remain cautious as price is currently testing the 94.300 Level and may reverse towards a weaker USD. If price breaks and retest level 94.300, I will be looking to go long USD across the board.
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