In view of analysts at ANZ, the recent decline in the US ISM survey has focussed the market on US economic risks, with recession talk once again rising. Key Quotes “In recent trading sessions this has also led to a broad under-performance of the USD, with currencies like the AUD managing to hold stable despite the recessionary fears pushing US equities lower.” “We do not think that this is a sustainable reason to get bearish on the USD. Indeed, we have found that the relative performance of the US industrial sector has been a poor predictor of the direction of the USD. Rather, the overall level of global growth, is the better predictor of the performance of the USD.” “We do not think that the recent shift is a harbinger for a period of more sustained under-performance of the USD, particularly against the more cyclical currencies. For that to manifest we would need to see more sure signs of a recovery in global growth, particularly outside the US.” 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 Gold consolidates in a range, just below $1500 mark FX Street 3 years In view of analysts at ANZ, the recent decline in the US ISM survey has focussed the market on US economic risks, with recession talk once again rising. Key Quotes "In recent trading sessions this has also led to a broad under-performance of the USD, with currencies like the AUD managing to hold stable despite the recessionary fears pushing US equities lower." "We do not think that this is a sustainable reason to get bearish on the USD. Indeed, we have found that the relative performance of the US industrial sector has been a poor predictor of the direction of… 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.
