July 15 – 19. The dollar recovers its position


Early in the morning on Monday statistics on GDP and the volume of production in China. It is likely that these statistics will be worse than expectations, which will lead to a sharp strengthening of the dollar. Weekend insider information can lead to large gaps when opening markets.

During the week, the forecasts of the Fed rate cut will contribute to the growth of major currencies. However, the unstable position of the global economy will again lead to an increase in the role of the dollar in the market.