According to analysts at Nordea Markets, in a relatively quiet upcoming week, they will look for clues on US growth in the ISM-non manufacturing and whether the UK is edging towards a technical recession. Key Quotes “In terms of growth, markets will have to see a stabilisation of the ISM composite in the US to buy into Powell’s “mid-cycle” rhetoric. We still don’t see a bottom in ISM composite (yet) and hence expect markets to continue to look for more cuts than what the Fed are willing to commit to for now.” “In the UK, we see a risk of a negative q/q growth in Q2, after the first quarter was held up by stockpiling ahead of the first Brexit deadline. Stockpiling could though become a theme in Q3 again ahead of the new October deadline, but the momentum is clearly slowing in the UK. Could it be time for the Bank of England to start sounding more dovish? This week’s BoE meeting was a complete non-event though.” “In the meanwhile, the Conservatives continue to surge in polls after Boris Johnson’s more firm communication on Brexit. BoJo’s incentives to call a snap election are rising.” 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 Fed’s Rosengren: No clear and compelling case for additional monetary accommodation FX Street 4 years According to analysts at Nordea Markets, in a relatively quiet upcoming week, they will look for clues on US growth in the ISM-non manufacturing and whether the UK is edging towards a technical recession. Key Quotes "In terms of growth, markets will have to see a stabilisation of the ISM composite in the US to buy into Powell's "mid-cycle" rhetoric. We still don't see a bottom in ISM composite (yet) and hence expect markets to continue to look for more cuts than what the Fed are willing to commit to for now." "In the UK, we see a risk of… 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.
