Analysts at Nordea Markets suggests that EM sentiment has taken another dive during the past few weeks and their EM FX spot index is currently down 8% year to date against the USD. Key Quotes “Persistent global risk-off environment will likely be the biggest near-term risk for EM FX. Some EM countries are particularly vulnerable to escalating trade tensions between the US and China due to high export dependence.” “In the medium term, EM FX has a chance to recover if tighter EM financial conditions spill back onto the US economy through EM real activities and convince the Fed to slow its balance sheet shrinkage (recall that India’s central bank governor has already explicitly asked the Fed to slow down). Further out on the horizon, EM FX performance will be differentiated by their relative fundamentals.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD bearish phase almost over? – UOB FX Street 3 years Analysts at Nordea Markets suggests that EM sentiment has taken another dive during the past few weeks and their EM FX spot index is currently down 8% year to date against the USD. Key Quotes "Persistent global risk-off environment will likely be the biggest near-term risk for EM FX. Some EM countries are particularly vulnerable to escalating trade tensions between the US and China due to high export dependence." "In the medium term, EM FX has a chance to recover if tighter EM financial conditions spill back onto the US economy through EM real activities and convince the Fed to… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
