In its latest client note released on Friday, analysts the US investment banking giant, Morgan Stanley, switched its bearish stance on the US dollar to tactically neutral, as the greenback remains at the most oversold level in over four decades. Key quotes (via Reuters) The bank exited its short position on the dollar index while closing out its long positions on the euro and Australian dollar against the greenback. “A sentiment gauge called the Combined Market Timing Indicator was now giving a ‘sell’ signal for the first time since January 2018.” “With global markets appearing tactically stretched a sell signal on our MTI (market timing indicator) would certainly add to the notion that upside on markets may be capped near term.” Related content US Dollar Index looks firmer, regains 93.00 and above NFP Preview: Good report to end dollar weakness 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/CAD clings to gains above mid-1.3300s ahead of US/Canadian jobs report FX Street 2 years In its latest client note released on Friday, analysts the US investment banking giant, Morgan Stanley, switched its bearish stance on the US dollar to tactically neutral, as the greenback remains at the most oversold level in over four decades. Key quotes (via Reuters) The bank exited its short position on the dollar index while closing out its long positions on the euro and Australian dollar against the greenback. “A sentiment gauge called the Combined Market Timing Indicator was now giving a ‘sell’ signal for the first time since January 2018.” “With global markets appearing tactically stretched a sell signal… 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.
