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💱 Target levels and forecast for the week 25.07. – 29.07. ⠀
Recall the fundamental events of the week that you need to pay attention to (GMT 0 time):
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Tue, 26USD: CB Consumer Confidence, New Home Sales (14:00)
Wed, 27AUD: CPI (01:30)
USD: FOMC meeting and Powell press conference (18:00-18:30)
Thu, 28AUD: Retail Sales (01:30)
USD: GDP, GDP Deflator, GDP Price Index (12:30)
JPY: Tokyo Core CPI; Industrial Production; Retail Sales (23:30)
Fri, 29EUR: CPI; GDP (09:00)
USD: PCE Price Index,Core PCE Price Index (12:30)
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If the Fed raises the rate by 100 bp, then the dollar will receive serious support throughout the market, and together with the euro, it will be able to test the parity level again. For more news − see Economic Calendar.
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#EURUSDРolitical crisis in Italy does not allow the euro to grow. Before the Fed meeting, short positions can be considered, but before the publication of the statement, it is better to stay out of the market. For a confident movement, both buyers and sellers need to leave the range of 1.0100 − 1.0250.