Orbex Market Insights - Monday, July 31
In this week's market update, we take a look at the US Dollar Index once again, as it keeps on declining, in line with our previous expectations.
We explain the reasons for the current decline, which is mainly due to the Federal Reserve latest statement and the latest GDP figures.
Moreover, we discuss the upcoming economic releases for the week ahead, which set to have a notable impact on the markets, speculating the possible scenarios for each event, including the RBA Decision, Bank of England Decision and the US Jobs Report on Friday.
Finally, we take a look at the usual technical analysis charts, including USD Index, EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD, Gold and Silver.
Video length: 00:13:13
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