USD expected to remain bid

August 31, 2015

Senior Analyst at Danske Bank Jens Pedersen believes the greenback will remain well bid ahead in the week.

Key Quotes

“Global markets stabilised late last week on better US data and expectations that global policymakers eventually will provide some support for markets. The USD has fallen against safe-haven currencies such as EUR, JPY and CHF in recent weeks”. 

“Closing down of carry strategies and FX-hedging EUR buying can explain the price action”.

“However, as markets stabilise the USD should begin to rally again versus the preferred funding currencies”.

“We interpret Vice Chairman Fisher’s remarks at the Jackson Hole conference as that Fed’s bar for raising rates is not that high”.

“Given how much US rate expectations have been scaled back, we interpret Fisher’s comments as slightly USD bullish and expect USD support versus G3 currencies to remain in the beginning of the week”.

Publication source
HYCM information  HYCM reviews

January 24, 2017
Gold turned bearish
Traders have not changed their opinion preserving upbeat tone on Monday. The demand for the metal grew amid uncertainty around Trump's proposed fiscal policy measures. A weak sentiment surrounding equity markets lent some support to the precious metal as well...
January 24, 2017
Caution reigns over the markets
The week kicks off with a sharp depreciation of the US Dollar, as hedge fund managers withdrew from the Dollar causing net speculator positions drop to three-week lows at 310,475...
January 24, 2017
The strong start of the new US presidency makes USD softer
So this is how Donald Trump first day in office looks like. He has easily made it to the headlines, In his first executive orders he confirmed that NAFTA will be renegotiated and that the US no longer applies for the TPP...

EXNESS Rating
Grand Capital Rating
Trade360 Rating
FxPro Rating
FOREX.com Rating
 FXTM Rating

OptionFair Rating
IQ Option Rating
Banc De Binary Rating
24option Rating
365BinaryOption Rating
Porter Finance Rating