Way over extended but keeps pusshing up relentless
Got relatively positive expectation on news out of US tomorrow.
Man u gota be quick sometimes.
GTP
Considering the mixed nature of the economic indicators provided, along with the potential impact of slightly higher continuing jobless claims on the USD, let's reassess the strength of the USD:
USD Strength Score: Around 55
Got relatively positive expectation on news out of US tomorrow.
Man u gota be quick sometimes.
- Mumbai just opened 4:45pm
- Japan meant to raise rates tomorrow also
- AUDJPY also just shot up.
GTP
Considering the mixed nature of the economic indicators provided, along with the potential impact of slightly higher continuing jobless claims on the USD, let's reassess the strength of the USD:
USD Strength Score: Around 55
- Positive GDP growth rate forecast and pending home sales, indicating economic expansion and strength.
- Wholesale and retail inventories expected to rise, suggesting increased economic activity, albeit with slightly mixed results.
- The trade deficit projected to widen slightly, potentially exerting downward pressure on the USD.
- Jobless claims, both initial and continuing, are expected to rise slightly, indicating ongoing challenges in the labor market, which could weigh on the USD.
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- As for the most important data to watch, considering the high impact and relevance to the current economic conditions, the GDP Growth Rate QoQ for Q1 and the Pending Home Sales MoM for March would be crucial. These indicators provide insights into the overall economic performance and the health of the housing market, both of which are significant drivers of investor sentiment and currency movements.