OctaFX | OctaFX Forex Broker
Open trading account

USD lacks a catalyst to extend its rally - ANZ

With Powell confirmed as Fed chair and the tax bill now public, the USD lacks a catalyst to extend its rally, according to analysts at ANZ.

Key Quotes

“Powell represents continuity, and his view is largely consistent with Yellen’s gradual tightening, so it’s business as usual at the Fed. Meanwhile, the tax bill has already run into opposition and, in its current form, it looks more like a starting point for negotiation designed to pass the House and then be re-shaped in the Senate. This suggests the path to tax reform has a long way to go.”

“In terms of Fed’s talk, we’ll keep an eye on Dudley and his comments on inflation and wages, as the ‘low-inflation, strong-growth’ theme continues to cast a shadow on the tightening path.”

USD/JPY drops to fresh lows around 114.00

After hitting fresh tops in the 114.70 region during early trade, USD/JPY has now come under renewed downside pressure and is testing daily lows in th
Read more Previous

EUR/USD bulls struggling near 1.1600 handle

   •  Slide to the lower end of its consolidative trading range.     •  EZ final PMI prints fail to lend support.  The EUR/USD pair now seems to hav
Read more Next
Start livechat