Uptrend disturbed for USD

December 7, 2015

Imre Speizer, Senior Markets Strategist at Westpac, notes that the faith in the US dollar’s uptrend has understandably taken a knock amid stretched positioning and the disappointing stimulus package the ECB delivered last week.

Key Quotes

“However, Chair Yellen has put her final seal of approval in favour of Dec lift-off and Friday’s strong payrolls report removed the risk of any last-minute data shocks.”

“US rates have further to go to before December is fully priced in - it may not be much but mechanically the front end-can rise a touch further and thus confer a little more support for USD.”

“The USD index (DXY) could have another stab below 98.0 near term but should eventually sustain a rise beyond 100.0.”

Publication source
HYCM information  HYCM reviews

February 24, 2017
Gold surges to major $1250 resistance as uncertainty prevails
Gold surged Thursday on a breakout of its previous consolidation to hit and slightly exceed major technical resistance at $1250, a level not seen since early November...
February 24, 2017
Dollar falls as peso and gold rally
The U.S. dollar was the weakest currency yesterday as surprisingly, the Mexican peso rallied, rising 1.22% over the day against the greenback...
February 23, 2017
U.S. dollar muted to Fed minutes
The U.S. dollar index was flat yesterday after the Federal Reserve published the meeting minutes from the January 31 -February 1 monetary policy meeting...

OctaFX Rating
Larson&Holz IT Ltd Rating
NPBFX Rating
Grand Capital Rating
XM Rating
Fort Financial Services Rating

Banc De Binary Rating
Beeoptions Rating
OptionTrade Rating
IQ Option Rating
GTOptions Rating
Empire Option Rating