According to Mark McCormick, North American Head of FX Strategy at TD Securities, the major currencies continue to chop around in well-contained ranges. Key Quotes “For the USD, we still like it lower against the major reserve currencies but it will likely take some time for this theme to play out. The midterms offer the next major pivot point but we note the much of the USD’s strength runs through relative equity performance.” “The European majors got a boost from a mix of politics and some early signs of local reflation. Norway inflation beat expectations while the BoE’s Haldane highlighted the early signs of higher UK wage growth.” “The Brexit newsflow is heading in the right direction while GBPUSD HFFV points to 1.35. That could reinforce topside in GBPCHF while EURUSD holds key levels at the bottom end of the range.” “JPY looks the most disconnected from cyclical drivers, highlighting downside in CHFJPY. We also now like fading the rallies and in USDJPY and like buying 1y straddles.” 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 stocks trending lower amid rising bond yields FX Street 4 years According to Mark McCormick, North American Head of FX Strategy at TD Securities, the major currencies continue to chop around in well-contained ranges. Key Quotes "For the USD, we still like it lower against the major reserve currencies but it will likely take some time for this theme to play out. The midterms offer the next major pivot point but we note the much of the USD's strength runs through relative equity performance." "The European majors got a boost from a mix of politics and some early signs of local reflation. Norway inflation beat expectations while the BoE's Haldane highlighted… 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.
