Mazen Issa, senior FX strategist at TD Securities, suggests that today’s focus shifts to the Fed where the Minutes will take centre stage and TD expects that a policy divide over the future path of policy will surface. Key Quotes “We would not be surprised either that the minutes also reveal a debate among some participants who do not believe that the Fed should be cutting at all. We are sympathetic to both sides of the debate, as Powell and co are between a rock and a hard place as far as facing external pressures to ease; both from Trump and the bond market. To this end, we are more circumspect that the bond market will show much sympathy to a division in the Minutes, particularly with so much focus on Powell’s appearance at Jackson Hole later this week.” “We expect the USD on the other hand to show more deference to this division however, and at the expense of EUR and JPY, as neither offer a compelling positive offset at the moment.” 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 USD/CAD plummets to lows, around mid-1.3200s post-Canadian CPI FX Street 4 years Mazen Issa, senior FX strategist at TD Securities, suggests that today's focus shifts to the Fed where the Minutes will take centre stage and TD expects that a policy divide over the future path of policy will surface. Key Quotes "We would not be surprised either that the minutes also reveal a debate among some participants who do not believe that the Fed should be cutting at all. We are sympathetic to both sides of the debate, as Powell and co are between a rock and a hard place as far as facing external pressures to ease; both from Trump… 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.
