In view of Richard Franulovich, Research Analyst at Westpac, key structural bullish USD drivers are still intact as a strong patch of US data in Q2 and a more “assertive” Fed have placed renewed focus on “US divergence”, providing ample fuel for the USD. Key Quotes “Against that, Eurozone data has been weak into Q2, raising the risk of a more protracted activity downswing and the ECB pushed back the possibility of a interest rate increase deep into 2019. On the cautionary side, US outperformance may be approaching a local peak; the differential between our US and global data surprise indices is at unsustainable highs.” “Escalating US-China trade tensions and Eurozone political instability – neither of which are likely to be meaningfully defused in the near term – should provide an additional bid for USD (outside of key safe havens). The fate of NAFTA, a long simmering concern, is next in line as a source of market risk.” 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 eases from daily highs, back around 1.1640 FX Street 3 years In view of Richard Franulovich, Research Analyst at Westpac, key structural bullish USD drivers are still intact as a strong patch of US data in Q2 and a more "assertive" Fed have placed renewed focus on "US divergence", providing ample fuel for the USD. Key Quotes "Against that, Eurozone data has been weak into Q2, raising the risk of a more protracted activity downswing and the ECB pushed back the possibility of a interest rate increase deep into 2019. On the cautionary side, US outperformance may be approaching a local peak; the differential between our US and global data surprise… 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.
