Richard Franulovich, Research Analyst at Westpac, suggests that even with a cooler manufacturing ISM and weaker housing data of late, not to mention still benign inflation and earnings data, the US still comfortably retains its growth leadership position. Key Quotes “Early Q3 GDP nowcasts point to back to back growth above 3% and yield spreads broadly continue to trend in the USD’s favour.” “There is now a clear regional partition on trade risks; US-China trade tensions continue to ratchet higher, a (temporary) truce has formed on the US-Europe front and negotiators sound hopeful that a revised NAFTA deal is on the near horizon.” “Net, net the USD could see a modest retracement given markets have mostly discounted the median Fed dot for two hikes by end-2018 and with spec longs at 18-month highs, but should maintain the bulk of its H1 gains.” “Bigger risks could materialise in late 2018/early 2019 – as congress flips to probable Democrat rule, the Fed potentially rethinks the pace of hikes as policy approaches neutral and the tax cut boost to growth peaks.” 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 UK: Services PMI slipped to 53.5 in July – TDS FX Street 5 years Richard Franulovich, Research Analyst at Westpac, suggests that even with a cooler manufacturing ISM and weaker housing data of late, not to mention still benign inflation and earnings data, the US still comfortably retains its growth leadership position. Key Quotes "Early Q3 GDP nowcasts point to back to back growth above 3% and yield spreads broadly continue to trend in the USD's favour." "There is now a clear regional partition on trade risks; US-China trade tensions continue to ratchet higher, a (temporary) truce has formed on the US-Europe front and negotiators sound hopeful that a revised NAFTA deal is on… 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.
