According to Richard Franulovich, head of FX strategy at Westpac, soft US surveys tentatively back a recovery signal from easing financial conditions and falling “policy uncertainty” suggests that could have legs into the New Year. Key Quotes “Global trade uncertainties will likely remain a headwind for the foreseeable future even if a phase one deal is signed soon. But, one encouraging offset is the sharp easing in US financial conditions.” “Taken at face value the easing in financial conditions suggests the worst of the US slowdown may be in the rear-view mirror and going forward US growth could if anything accelerate.” “Soft surveys tentatively back that message.” “After hitting 34-year highs in early 2018 our soft survey composite index fell sharply in the subsequent 18 months, rising trade uncertainties, global weakness and the waning Trump tax cut boost all playing their part. But, the soft survey readings for October and those released so far in November point to some encouraging stabilisation.” “While that’s all very encouraging any “recovery” has to be considered fragile and lacking in breadth at a global level.” 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 Asian stocks: Mildly bid as US-China reaches phase one consensus FX Street 3 years According to Richard Franulovich, head of FX strategy at Westpac, soft US surveys tentatively back a recovery signal from easing financial conditions and falling "policy uncertainty" suggests that could have legs into the New Year. Key Quotes "Global trade uncertainties will likely remain a headwind for the foreseeable future even if a phase one deal is signed soon. But, one encouraging offset is the sharp easing in US financial conditions." "Taken at face value the easing in financial conditions suggests the worst of the US slowdown may be in the rear-view mirror and going forward US growth could if anything… 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.
