Buy the dips in USD towards 96.50/96.00

March 10, 2016

In opinion of Richard Franulovich, Strategist at Westpac, dips towards the 96.50/96.00 area represent buying opportunities.

Key Quotes

“The USD has gone largely unrewarded for a material shift in a wide swathe of data including core CPI/PCE, retail sales, IP and payrolls”.

“The improved tenor of the data has arguably boosted risk appetite more so, at least so far, indirectly tarnishing the USD”.

“With that shift in the Fed’s tenor the USD should begin to benefit from a likely continued trend of more positive data surprises, our US data surprise index still some distance from hitting levels that warn a reversal is imminent”.

“DXY a buy into 96.0-96.5 if seen”. 

Publication source
OctaFX information  OctaFX reviews

October 21, 2016
EUR/USD remained unchanged after the ECB
The price maintained its bearish tone on Thursday. The EUR/USD pair stayed around its recent lows during the day. The euro slightly strengthened towards 1.1000 ahead of the US opening. The 50-EMA limited the euro recovery in the 1 hour chart...
October 21, 2016
Decisions on QE Postponed until December
Asian stock markets are narrowly mixed, with Japanese bourses managing marginal gains as the Yen falls against the Dollar. Stock futures in the U.S. are down...
October 21, 2016
EURUSD at $1.09, but declines could be limited
The ECB monetary policy meeting yesterday saw the euro give up its intraday gains to close on a bearish note. As Draghi signaled that the central bank would need time to assess the monetary policy situation...

Orbex Rating
Vantage FX Rating
FXTM Rating
Larson&Holz IT Ltd Rating
OANDA Rating
FBS Rating

Empire Option Rating
OptionFair Rating
TopOption Rating
Porter Finance Rating
OptionRally Rating
Anyoption Rating