FX.co ★ Expected dollar rebound

The dollar quickly began to appreciate, mostly because of what is happening on world exchanges. There is a strong feeling that a long-awaited correction has begun on the market, and dollars, which have been generously pouring into various stock indices for many years, return to the US, which helps strengthen the dollar. But this is a spontaneous process, and we should not forget about macroeconomic statistics. The JOLTS report showed a reduction in the number of open vacancies from 5 978 thousand to 5 811 thousand. Given the mixed data on the labor market, it is difficult to make unambiguous conclusions about these data. It can be assumed that employers are not keen to recruit new employees, and most likely for the reason that the states are already fully staffed.

Today in the UK there are Halifax data on the rate of growth in house prices, which may decrease from 2.7% to 2.4%. Given the importance of the real estate market for the UK economy, it does not do any good to the pound. In principle, no data is available today, and there is a rebound in the stock market, so it's too early to speak about the collapse of the indices. And this can support the pound against the background of not the best statistics.

The euro / dollar pair, due to the rebound in the capital markets, is likely to grow to 1.2450.

The pair of pound / dollar, a little on hesitates, due to not the best macroeconomic data, and then will rise to 1.4075.