First, a review of last week’s forecast:
As a result, the situation was as had been expected by many experts: taking into account the standard backlash, the pair stayed within the two-week zone 1.1575-1.1750, reaching a maximum of 1.1745, then groping for the local bottom at 1.1560 and finally ending the five-day session at the mark 1.1567;
This prediction turned out to be absolutely correct. On the eve of raising the rate, the pound grew slightly. Then, as expected, on Thursday, August 2, the regulator lifted it from 0.50% to 0.75%. But then the accompanying commentary made it clear that one should not expect another increase in the foreseeable future – they say, the economy is not all right, and there are problems with the Brexit. As a result, the pair turned around and quickly fell to the horizon 1.2975. And it met the end of the week’s session exactly where the experts expected, at 1.3000;
As a result, the USD/JPY quotes jumped to 112.15. However, the pair did not manage to consolidate at this height and, having gone down about 90 points, it finished the week at the level of 111.25;
As a result, the BTCUSD fell by $1,000, losing about 12% during the week, and reached the mid-July value around $7,280 per coin.
The Ethereum (ETH-X) lost even more, about 14%, breaking at some point the support at $400. Litecoin (LTC-X) lost 11%, but the ripple was more stable: having fallen by 7%, it then turned and gained back 2.5%;