US Dollar May Gain Traction amid Market Turmoil. Forecast as of 07.08.2024

The US dollar has used the current market volatility to its advantage. Market panic has eased, and the EURUSD pair is at risk of falling below 1.09 due to an absence of recession in the US and investors overestimating the extent of the Fed's monetary expansion. Let's discuss this topic and make a trading plan.Highlights and key points There is no recession in the US, and market panic has subsided. Divergence in GDP growth remains despite the slowdown in the US economy. The market is overestimati