OctaFX | OctaFX Forex Broker
Open trading account
Back

Everything points to USD strength - TDS

FXStreet (Barcelona) - Analysts at TD Securities explained that recent market turmoil presents tremendous risks on both sides.

Key Quotes:

“With big event risks over the next two weeks to give us a better idea of whether we should be bracing for growth forecast downgrades, or preparing for normalization”.

“In FX, everything we’ve seen points to continued USD strength”.

“But we have moved very far over a relatively short period of time, so we do see the risk of a near-term correction”.

“The Fed’s previous attempts to step away from QE suggest that we should see higher volatility and better opportunities on the crosses in the near-term, with safe havens like JPY outperforming, and higher-beta commodity currencies (e.g., AUD) underperforming”.

EUR/CAD looking heavy again

EUR/CAD is trading at 1.4368, down -0.38% on the day, having posted a daily high at 1.4430 and low at 1.4324.
Read more Previous

EUR/USD: a fresh outlook? - Rabobank

There was no shortage of factors behind this week’s market turmoil.
Read more Next
Start livechat