Greg Gibbs, Founder, Analyst, & PM Amplifying Global FX Capital Pty Ltd, an Australian financial services company, explained that it is time to step back and take a breath in the FX market. Key Quotes: “It lacks conviction, is displaying inconsistent correlations and being whipped around by competing news and views on uncertain events. The market can no longer rely on the US government to act as a source of stability for global markets. The rebound in Asian currencies is counterintuitive as US pressure mounts on Chinese trade and economic relations. But it may reflect position adjustment, a pull-back in US yields, and US policy uncertainty. The AUD continues to be supported by strong commodity prices, but domestic, Chinese and global financial stability risks, exacerbated by rising US rates, accounts for its weakness this year; we continue to see downside risks dominating.” 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 Asia open: RBA’s semi-annual FSR is on the agenda – TDS FX Street 4 years Greg Gibbs, Founder, Analyst, & PM Amplifying Global FX Capital Pty Ltd, an Australian financial services company, explained that it is time to step back and take a breath in the FX market. Key Quotes: "It lacks conviction, is displaying inconsistent correlations and being whipped around by competing news and views on uncertain events. The market can no longer rely on the US government to act as a source of stability for global markets. The rebound in Asian currencies is counterintuitive as US pressure mounts on Chinese trade and economic relations. But it may reflect position adjustment, a pull-back… 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.
