In view of Richard Franulovich, head of FX strategy at Westpac, near term USD bounce can extend further as last minute jitters set in about phase one trade deal prospects and deepening political unrest in a couple Asian/Latin hotspots. Key Quotes “DXY index has retraced about half its steep October losses and can extend to 99.0 near term.” “Encouraging upticks in Eurozone IP, PMIs and ZEW suggest the region is on the verge of a turnaround. But, sustained downside for the USD likely needs to see more compelling EZ recovery greenshoots, beyond stabilisation at depressed levels.” “In any case, forward-looking US data is perking up at the same time, meaning the growth gap in the US’ favour isn’t really closing.” “Consensus US growth expectations have been a handy 1-2ppts above Eurozone for sometime and no real closing of that gap is expected in 2020. So the USD is in good shape. The turn of the year will lift the lid on 2020 US political uncertainty though and could prompt a USD sentiment shift, as markets ponder a Jan Senate impeachment trial and prospects for a progressive Democrat president.” 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 technical analysis: Support forming at the 61.8% golden ratio Fibonacci area FX Street 3 years In view of Richard Franulovich, head of FX strategy at Westpac, near term USD bounce can extend further as last minute jitters set in about phase one trade deal prospects and deepening political unrest in a couple Asian/Latin hotspots. Key Quotes "DXY index has retraced about half its steep October losses and can extend to 99.0 near term." "Encouraging upticks in Eurozone IP, PMIs and ZEW suggest the region is on the verge of a turnaround. But, sustained downside for the USD likely needs to see more compelling EZ recovery greenshoots, beyond stabilisation at depressed levels." "In any case, forward-looking… 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.
