Analysts of the InvestAZ Investment company reported on the latest situation in the world financial markets this week and what is expected in the short term.

The dollar index, which declined after the interest rate decisions of the US Federal Reserve System, British and European Central Banks at the beginning of last week, rose to 102.60 points on the background of the publication of the labor market, especially "NFP" indicators published in America on Friday.

As a result, EURUSD fell to 1.0790, and GBPUSD fell to 1.2050.

This week, the volume of GDP to be announced in England and the speech of Fed Chairman Jerome Pavel, as well as statements by members of leading central banks about the future of monetary policy will be in the focus of investors.

According to the analysis, if the "Bulls" can return the price of DXY above the threshold of 103.50 points and keep it above this level, the downward trend in the EURUSD and GBPUSD exchange rates may become sharper.

EUR

The EURUSD exchange rate, which fell sharply after the announcement of labor market indicators in America on Friday last week, was much higher than the forecasts, ended the week at 1.0790.

According to the analysis, if the upward trend in the dollar index strengthens, the euro may depreciate to $1.05 against the dollar.

It should be noted that the speech of Christine Lagarde, the head of the European Central Bank, as well as the inflation indicators to be announced in the Eurozone and Germany, can seriously affect the course of the trend.

GBP.

Indicators on the level of economic development to be announced in England this week may play a decisive role in how the trend will continue in the GBPUSD exchange rate, which ended at $1.2050 at the end of last week.

TRY.

The USDTRY exchange rate continued its horizontal trend during the last week, maintaining its maximum of 18.80 TL.

The trend that will be observed in the dollar index this week can seriously affect the formation of the trend in the USDTRY exchange rate.

GOLD.

Gold fell sharply as the DXY rose to 102.60 points after the release of US labor market indicators.

If the upward trend in the dollar index continues and can be strengthened above the level of 103.50 points, the price of the precious metal may drop to $1,800 per ounce.

You can address your investment-related questions to us via the phone number *1234 and the website www.investaz.az.

"Invest-AZ Investment Company" JSC

Analytics Department

The activity of "Invest-AZ Investment Company" Closed Joint Stock Company is regulated by the Central Bank of the Republic of Azerbaijan.

Based on license No. 087986 dated 09.01.2016, the company operates in brokerage, underwriting (dealer), margin trading (forex), portfolio management of individual investors, market making and other investment services.

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Risk notice.

The above information is purely advisory.

The operations carried out in this activity are included in the high risk group, and "Invest-AZ Investment Company" CJSC does not bear any responsibility for the investment operations carried out based on the above information.