Mazen Issa, Senior FX Strategist at TD Securities, suggests that the rhetoric has intensified ahead of the Trump-Xi meeting later this week and markets have responded in kind. Key Quotes “While some may chalk this up to position jockeying ahead of the summit, an abrupt thawing of relations in the coming days is overly ambitious. A cautious stance on currencies exposed to China and/or highly dependent on trade is prudent as betas to CNH come into focus.” “This dynamic is intensified with the recent slew of Fed speak. Conventional wisdom in the recent past has generally been that a dovish Fed is positive for risk sentiment. We caution against this narrative if it emerges this week as the context has changed.” “The Fed’s runway is shorter and neutral is now in view. Meanwhile, a trade war is brewing and global growth has slowed. The barrage of Fed speak kicks off today and could offer a prelude to Powell’s speech tomorrow.” 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/CHF fails to stay above parity, turns flat on the day near 0.9980 FX Street 4 years Mazen Issa, Senior FX Strategist at TD Securities, suggests that the rhetoric has intensified ahead of the Trump-Xi meeting later this week and markets have responded in kind. Key Quotes "While some may chalk this up to position jockeying ahead of the summit, an abrupt thawing of relations in the coming days is overly ambitious. A cautious stance on currencies exposed to China and/or highly dependent on trade is prudent as betas to CNH come into focus." "This dynamic is intensified with the recent slew of Fed speak. Conventional wisdom in the recent past has generally been that a dovish… 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.
