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07.11.2024: USD prospects under “red sweep” scenario. Daily outlook for DXY, EUR/USD, Brent, RUB
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Yesterday, the US dollar recorded its largest single-day gain in eight years. It happened the day after Donald Trump’s victory, which was so decisive that it avoided any of the scandals that accompanied the election four years ago. In brief, the future now looks like this: inflation in the US will pick up steam, while economic growth outside its borders will likely lose momentum.
As a result, the Federal Reserve may slow down on rate cuts, while the European Central Bank could speed up with rate cuts. However, until Trump’s inauguration on January 20, the president-elect might hold back on his “America First” promises.

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00:00 INTRO
00:25 DONALD TRUMP
00:56 USDX
01:16 EUR | USD
02:24 GERMANY’S INDUSTRIAL PRODUCTION
03:03 OLAF SCHOLZ
03:34 BRENT
04:37 US CONSUMER SENTIMENT INDEX
04:59 USD | RUB
05:47 CNY | RUB
Calendar and reviews
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Trader’s calendar on November 5: America’s next president to shape dollar's long-term future
Trader’s calendar on November 1: USD set to retreat ahead of market turmoil?
Escolha do Editor
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Trader’s calendar on November 14: USD to hardly rise amid fed’s cautious approach
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