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

December 2, 2016
It's not the jobs numbers
It’s not bee the economy that has been driving the dollar over the past 3 weeks, of that we can be pretty sure. Rather, it’s been expectations of tax cuts and spending increases, together with incentives for dollar repatriation under the new President...
December 2, 2016
OPEC alliance stuck a global agreement
The Oil prices jumped on Wednesday after the organisation members agreed to pare production first time since 2008, to reduce global oversupply, which made the prices collapse by half since mid-2014...
December 2, 2016
Rebound continues in UK construction
The latest data on the UK construction sector was released this morning, and will likely be seen as positive overall as the recovery from the Brexit shock appears to be persisting. Despite this the FTSE 100 is under pressure this morning...

 FXTM Rating
Orbex Rating
XM Rating
Larson&Holz IT Ltd Rating
XTB Rating
Grand Capital Rating

OptionsXO Rating
Banc De Binary Rating
EZTrader Rating
Binary Brokerz Rating
TopOption Rating
TropicalTrade Rating