Richard Franulovich, Head of FX Strategy at Westpac, points out that broad swathe of US housing data now underperforming, from starts to permits, and new and existing sales; rising rates and less favorable tax treatment for home ownership likely culprits. Key Quotes “Yet despite that, near term data flow should maintain the impression of US growth leadership; advance Q2 GDP (Jul 27) likely prints 4%+, regional PMIs point to another solid ISM (Aug 1 & 3), while initial claims and surveys point to another +200k jobs gain.” “Against that, some USD negatives are percolating; underlying trade tensions persist but a notable conciliatory tone is apparent in both EU-US and resuming NAFTA talks. Targeted monetary and fiscal easing by Chinese policymakers appear to have buoyed hopes that policy is now underwriting growth there too.” “The USD could see a modest retracement but should maintain the bulk of H1 gains. Bigger risks could materialise in late 2018 – 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 US: Initial claims was 207,000, an increase of 9,000 from the previous week FX Street 5 years Richard Franulovich, Head of FX Strategy at Westpac, points out that broad swathe of US housing data now underperforming, from starts to permits, and new and existing sales; rising rates and less favorable tax treatment for home ownership likely culprits. Key Quotes "Yet despite that, near term data flow should maintain the impression of US growth leadership; advance Q2 GDP (Jul 27) likely prints 4%+, regional PMIs point to another solid ISM (Aug 1 & 3), while initial claims and surveys point to another +200k jobs gain." "Against that, some USD negatives are percolating; underlying trade tensions persist but a… 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.
