Richard Franulovich, head of FX strategy at Westpac, suggests that further near term follow through DXY weakness (97.0-97.5) would not surprise. Key Quotes “The DXY and USTs have so far shed only a fraction of 2019’s safe haven gains. But we are not getting carried away and stick with a positive 1-3m DXY outlook. Negative tail risk scenarios have eased but the underlying state of the global economy is still poor and the trade war détente is unlikely to yield breakthroughs on contentious structural topics like IP theft and state subsidies.” “Soft Sep retail sales warns business sector weakness may be bleeding into the hitherto resilient consumer, bolstering the case for an Oct Fed cut. The USD impact will be minimal though, with 84% priced in.” 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 Bitcoin (BTC) back on recovery track, trades above $8,000 FX Street 4 years Richard Franulovich, head of FX strategy at Westpac, suggests that further near term follow through DXY weakness (97.0-97.5) would not surprise. Key Quotes "The DXY and USTs have so far shed only a fraction of 2019's safe haven gains. But we are not getting carried away and stick with a positive 1-3m DXY outlook. Negative tail risk scenarios have eased but the underlying state of the global economy is still poor and the trade war détente is unlikely to yield breakthroughs on contentious structural topics like IP theft and state subsidies." "Soft Sep retail sales warns business sector weakness may… 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.
