Mark McCormick, North American head of FX strategy at TD Securities, notes that the broad USD is mixed, which reflects the back-and-forth on the G20 and Powell’s pick and roll. Key Quotes “The shift in Fed language has invited the market to interpret the outlook to match their biases. Hawkish or dovish aside, the key for the FX market is positioning, which has probably priced in hopes of moving into restrictive territory after the October speech.” “Instead of a policy shift the backdrop rests on the narrative, as the Fed has walked back some language on the terminal rate. Pricing for 2019 has probably moved too far in the dovish camp, though FX is happy to follow the 10y back to 3%. The recent USD squeeze does little to alter the recent ranges with EURUSD probably around 1.1450 while USDJPY remains a fade ahead of 114.” 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 Russia reportedly willing to cut output – Reuters FX Street 4 years Mark McCormick, North American head of FX strategy at TD Securities, notes that the broad USD is mixed, which reflects the back-and-forth on the G20 and Powell's pick and roll. Key Quotes "The shift in Fed language has invited the market to interpret the outlook to match their biases. Hawkish or dovish aside, the key for the FX market is positioning, which has probably priced in hopes of moving into restrictive territory after the October speech." "Instead of a policy shift the backdrop rests on the narrative, as the Fed has walked back some language on the terminal rate. Pricing… 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.
