empty
 
 
sp
Soporte
Apertura instantánea de la cuenta
Plataforma comercial
Depositar/Retirar

13.07.202308:55 Forex Analysis & Reviews: Trading plan for EUR/USD and GBP/USD on July 13

Before the release of the latest US inflation data, no one expected the consumer price growth to slow down from 4.0% to 3.2%, as most believe that the limit will be 3.1%. But reality surpassed all expectations, making everyone think that the Fed will go through with only one interest rate hike instead of the two promised by the bank earlier. Talks even emerged that there might not be any hike at all and, perhaps by the end of the year, the interest rate level in the US will start to decrease. Dollar immediately began to depreciate after this news.

A rebound or a minor correction will happen only if market players see a good reason to buy dollar. An example of this could be the recent data on industrial production in the UK, which accelerated its decline from -1.6% to -2.3%. However, this data remains better than the forecast of -2.4%, so it only led to a slight halt.

The upcoming similar report from the eurozone may exhibit the same results, especially since forecasts say the 0.2% growth will be replaced by a -1.4% decline. And even if data surpasses expectations, it will be enough to trigger a local correction.

Exchange Rates 13.07.2023 analysis

EUR/USD showed a rather intensive upward movement, hitting the local high of the medium-term trend. It traded above 1.1150, but since the pair appears to be overbought, a pullback will likely occur soon.

GBP/USD reached the resistance level of 1.3000, where the volume of long positions gradually decreased. Given the signal about the pair being overbought, a pullback will likely occur soon.

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Benefíciese de las recomendaciones de los analistas ahora mismo
Recargue su cuenta de operaciones
Abra una cuenta de operaciones

¡Los informes analíticos de InstaSpot lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaSpot, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.