USD Falls: Claims/PPI Data Dey Cause Dollar Drop for Forex Traders for Ghana!
Colaboradores
Ei, forex traders for Ghana! Something dey happen for the world market o. The USD dey fall after some important news come out. This news be about claims and PPI (Producer Price Index) data, and e dey make the dollar weak.
Wetin dey happen?
According to reports, the PPI data no too strong, and the initial and continuing claims dey go up. This mean say jobs no dey too available like before. For long time, things be dey stable, but now e dey change. When we look the continuing claims data well, we go see say e dey break higher.
The initial claims data no dey break the trend wey dey since 2022, but e dey push higher small small. This PPI, plus the CPI wey dem release yesterday (wey be weak too), go probably lead to good PCE number. Dem go release the estimates for that one later today.
How e dey affect major currency pairs?
- EURUSD: E don go reach new highs for the day, wey we no see since 2021! The next target be 1.1683 – 1.16916. Buyers dey control this market.
- USDJPY: E don move back below the 100 and 200 bar MA for the 4-hour chart, go reach 143.57. The next big support dey between 142.10 and 142.347.
- GBPUSD: E don trade to new high for the year, wey we no see since February 2022! The next target be 1.36445. If e pass that one, traders go start target 1.37683.
- USDCHF: E dey extend go the low of swing level wey dey since April 2025. That swing area dey between 0.8097 and 0.81288.
So, forex traders for Ghana, make una watch these movements well well. E dey affect the market, and e get potential to bring profit or loss. Make una do your research and trade carefully!