Analysts at Nordea Markets explain that a lot has favoured the greenback this year as US data has kept surprising; maybe because of Trump’s sentiment effects, or because of the direct effects from the tax reform and from government spending. Key Quotes “US GDP growth expectations have nonetheless been rising as a result. Based on recent ISM/PMI outcomes, this process of dollar-positive forecast revisions has only started.” “The most recent regional surveys suggest a rebound in the ISM manufacturing number for May, which is also what the consensus is looking for. The rebound in regional surveys can probably be explained by the cease fire in the trade war (as sentiment soared in the Richmond Fed, a trade-dependent region due to harbours). You also have to wonder how much is priced-in. Both the US 10y yield and relative moves in the equity space suggests that a relatively nice ISM number may be mostly priced-in.” 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 futures: upside appears limited FX Street 5 years Analysts at Nordea Markets explain that a lot has favoured the greenback this year as US data has kept surprising; maybe because of Trump's sentiment effects, or because of the direct effects from the tax reform and from government spending. Key Quotes "US GDP growth expectations have nonetheless been rising as a result. Based on recent ISM/PMI outcomes, this process of dollar-positive forecast revisions has only started." "The most recent regional surveys suggest a rebound in the ISM manufacturing number for May, which is also what the consensus is looking for. The rebound in regional surveys can probably be explained… 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.
