- Analytics
- News and Tools
- Market News
- USD's move higher should now start to see greater resistance – TDS
USD's move higher should now start to see greater resistance – TDS
The risk-reward is tilted back towards fading the recent US Dollar strength, analysts at TD Securities say.
Last stop on the USD award tour
We think we're getting close to good levels to start selling the USD again.
Although US data remains strong, the Fed can use the trends in core PCE to justify the start of rate cuts. The Fed wants to engineer a soft landing, which allows it to emphasize disinflation over growth now. Fed text and comments analysis remains dovish too.
After the recent correction higher in the USD, it does not look as cheap or oversold. It now looks more balanced versus not just macro drivers but also our positioning indicators. This means that the USD's move higher should now start to see greater resistance and risk-reward tilts towards fading the USD strength.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
