A rather optimistic Head of the San Francisco Federal Reserve, Mary Daly, doesn’t think that the US is headed for a recession, arguing the US labour market is strong and that consumer spending is healthy. Key comments: Supported the rate cut in July at the FOMC, but not on concern about any impending downturn for the economy. Labor market is at or near full employment. FX implications: The market doesn’t buy it according to the yield curve. The dollar can remain in tender-hooks from and US yields are trapped below the steep descending resistance line. 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 US Dollar Index technical analysis: DXY advance damaged by Tuesday’s drop, trading sub-98.38 key level FX Street 4 years A rather optimistic Head of the San Francisco Federal Reserve, Mary Daly, doesn't think that the US is headed for a recession, arguing the US labour market is strong and that consumer spending is healthy. Key comments: Supported the rate cut in July at the FOMC, but not on concern about any impending downturn for the economy. Labor market is at or near full employment. FX implications: The market doesn't buy it according to the yield curve. The dollar can remain in tender-hooks from and US yields are trapped below the steep descending resistance line. Regulated 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.
