US data remains impressive on a broad front, including solid above trend 3.5% Q3 GDP, 18-year highs in the Conference Board’s consumer confidence and a notable firming in the employment cost index, led by private sector wages and salaries hitting post-crisis 3.1% highs, according to Richard Franulovich, Head of FX Strategy at Westpac. Key Quotes “The fiscal-fueled US outperformance narrative has not run its course. The $300bn in federal spending increases agreed in the March 2018 Omnibus bill are spread over two years (i.e. including 2019) and it would be very surprising if tax cut stimulus suddenly waned barely 12 months after introduction. Fed hike pricing more likely to converge toward Fed dot plot guidance going forward, underwriting more medium term USD upside.” “Near term USD clouded by US midterms, where a base case for Democrat gains in the House could taint Trump’s pro-growth agenda, though that is increasingly priced in, leaving a stronger Republican showing the underpriced tail risk.” 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 EUR/USD remains bid near 1.1450 ahead of Payrolls FX Street 4 years US data remains impressive on a broad front, including solid above trend 3.5% Q3 GDP, 18-year highs in the Conference Board's consumer confidence and a notable firming in the employment cost index, led by private sector wages and salaries hitting post-crisis 3.1% highs, according to Richard Franulovich, Head of FX Strategy at Westpac. Key Quotes "The fiscal-fueled US outperformance narrative has not run its course. The $300bn in federal spending increases agreed in the March 2018 Omnibus bill are spread over two years (i.e. including 2019) and it would be very surprising if tax cut stimulus suddenly waned barely… 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.
