The US dollar is on the back foot. While the most recent point of pressure comes from Trump’s revelation of sensitive information to the Russians (Sending EUR/USD above 1.10), there are other reasons to be doubtful. What’s next? Here is their view, courtesy of eFXnews: BTMU FX Strategy Research notes that the USD has been weakening as of late on a number of key factors. “In terms of our key FX Themes for 2017, we believe the key themes are now all working together against the US dollar,” BTMU notes. In particular, BTMU outlines the following 3 USD bearish factors: 1- The European political risk premium has shrunk after the election result in France. 2- Trump reflation optimism has been easing. 3- Central banks outside of the US have slowly started to shift their guidance suggesting other central banks will soon follow the Fed’s lead in removing monetary accommodation. What’s next? Further USD Depreciation ahead: BTMU maintains its more bearish than market consensus view for the USD with expecting a near 4.0% drop in the DXY index through to end Q1 2018. “We doubt Fed rate hikes will provide much support for the dollar given the shifting stance from other central banks will prove more significant in limiting the scope for any shift in yield spreads in favour of the dollar,” BTMU argues. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next CAD: Has Peak Negative CAD Sentiment Been Reached? What’s Yohay Elam 6 years The US dollar is on the back foot. While the most recent point of pressure comes from Trump's revelation of sensitive information to the Russians (Sending EUR/USD above 1.10), there are other reasons to be doubtful. What's next? Here is their view, courtesy of eFXnews: BTMU FX Strategy Research notes that the USD has been weakening as of late on a number of key factors. "In terms of our key FX Themes for 2017, we believe the key themes are now all working together against the US dollar," BTMU notes. In particular, BTMU outlines the following 3 USD bearish factors:… 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.
