The USD looks set to snap its three-week losing streak, reflecting a shift in technical factors rather than macro ones, according to analysts at TD Securities. Key Quotes “The market continues to give the US a pass on the trade war theme. Protectionism will have global implications but for now, a mix of foreign deleveraging and fiscal stimulus has offered some cover in the short-run. Data and earnings are the next big test for the market.” “A mix of QT and tighter liquidity have exasperated the price action. Tracking indicators of CTAs show poor annual performance. It also appears that they missed the recent USD rally, leaving markets to push a trend in the very short-run. This could reinforce the USD bid, leaving markets to eye the recent highs in the DXY for direction.” 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 GBP/USD Technical Analysis: Cable rises 70 pips from 1.3100 figure FX Street 5 years The USD looks set to snap its three-week losing streak, reflecting a shift in technical factors rather than macro ones, according to analysts at TD Securities. Key Quotes "The market continues to give the US a pass on the trade war theme. Protectionism will have global implications but for now, a mix of foreign deleveraging and fiscal stimulus has offered some cover in the short-run. Data and earnings are the next big test for the market." "A mix of QT and tighter liquidity have exasperated the price action. Tracking indicators of… 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.
