In direction of the tip of the week, the American forex managed to renew medium-term progress. Reversal mixtures amongst commodity currencies had been damaged, and the pound, yen and euro went to check new lows. The sharp strengthening of the US greenback is most probably attributable to the worsening geopolitical state of affairs within the Center East, rising oil costs and good basic knowledge from abroad revealed this week. Thus, the enterprise exercise index (PMI) within the US companies sector for October, revealed on Tuesday, confirmed progress: 50.9 versus 49.8. New house gross sales additionally elevated in September: 759K versus 680K.

USD/JPY

The information revealed above contributed to the exit of the USD/JPY pair from the part of long-term consolidation at 149.80-148.70. On the weekly USD/JPY chart, buck consumers simply broke by way of the higher restrict and are presently firmly entrenched above 150.00. If the corresponding basis is launched, the pair might rise to final yr’s highs at 151.90. A corrective rollback is feasible to 149.50-149.20.

Right this moment at 15:30 GMT+3, we’re ready for the publication of knowledge on primary orders for sturdy items in the US for September. Additionally right now, the GDP determine for the third quarter shall be launched, and weekly knowledge on the variety of functions for unemployment advantages shall be revealed…extra