The US dollar is clearly on the back foot due to a set of political and monetary events. What’s next? Here is their view, courtesy of eFXnews: BTMU FX Strategy Research notes that the USD has continued to trade at weaker levels following the release of the latest US GDP and Employment Cost Index reports which proved weaker than expected. Overall, BTMU notes that the reports will continue to dampen expectations for further Fed tightening this year and leave the US dollar offered. However, BTMU argues that while the USD is lacking fundamental support, the risk of a reversal is also high against most other G10 currencies in the very near term. “The stage is being set for a corrective rebound but there is no obvious fundamental trigger yet,” 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 Forex News Today: Daily Trading News share Read Next EUR/USD looking to the sky – what’s next? Yohay Elam 6 years The US dollar is clearly on the back foot due to a set of political and monetary events. What's next? Here is their view, courtesy of eFXnews: BTMU FX Strategy Research notes that the USD has continued to trade at weaker levels following the release of the latest US GDP and Employment Cost Index reports which proved weaker than expected. Overall, BTMU notes that the reports will continue to dampen expectations for further Fed tightening this year and leave the US dollar offered. However, BTMU argues that while the USD is lacking fundamental support, the risk of a reversal is… 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.
