According to Richard Franulovich, head of FX strategy at Westpac, USD is easing back lately as several negatives percolate including a scaling back of ECB easing expectations, a BoC that is sticking to its neutral guns, easing political risks in Hong Kong and a lousy US ISM report. Key Quotes “There’s no reasonable prospect of a significant breakthrough in US-China trade negotiations; certainly there’s no deal on the table that gives the appearance of concessions from China ahead of the PRC’s 70th anniversary celebrations in October, not to mention one that involves a rewriting of domestic laws regarding intellectual property.” “That background should continue to provide a persistent safe haven bid to the USD, limiting pullbacks to the 97.0-97.5 zone.” “Beyond that, the broad sweep of data still points to reasonable US consumer momentum, enough to maintain growth at an even-keel trend pace, while Brexit and Italy risks continue to dampen the Eurozone outlook.” 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 UK’s Cummings to PM Johnson: ‘Trust the people’ on Brexit FX Street 4 years According to Richard Franulovich, head of FX strategy at Westpac, USD is easing back lately as several negatives percolate including a scaling back of ECB easing expectations, a BoC that is sticking to its neutral guns, easing political risks in Hong Kong and a lousy US ISM report. Key Quotes "There's no reasonable prospect of a significant breakthrough in US-China trade negotiations; certainly there's no deal on the table that gives the appearance of concessions from China ahead of the PRC's 70th anniversary celebrations in October, not to mention one that involves a rewriting of domestic laws regarding intellectual property."… 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.
