Robert Rennie, Research Analyst at Westpac, suggests that they remain torn between positive US$ fundamentals on the one hand and the potential for all out trade war/ increased EM volatility on the other. Key Quotes “The fact that, even in the midst of what has felt like a significant leg up in trade hostilities between the EU, US and China, USD/JPY could not even dip much below 109.50 is a positive; though the failure to extend beyond 111 warrants caution.” “Thus we would rather seek safety in a neutral near term outlook but assume that the current trade storm will pass eventually, and hold onto a positive medium term 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 USD/CAD slides back closer to Wednesday’s 2-1/2 week lows FX Street 4 years Robert Rennie, Research Analyst at Westpac, suggests that they remain torn between positive US$ fundamentals on the one hand and the potential for all out trade war/ increased EM volatility on the other. Key Quotes "The fact that, even in the midst of what has felt like a significant leg up in trade hostilities between the EU, US and China, USD/JPY could not even dip much below 109.50 is a positive; though the failure to extend beyond 111 warrants caution." "Thus we would rather seek safety in a neutral near term outlook but assume that the current trade storm will… Top 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.
