- Analytics
- News and Tools
- Market News
- Political season reappoints king USD – TDS
Political season reappoints king USD – TDS
We revised our USD profile higher in early Q2, underscoring a shift in our signals and framework towards inflation, TDS FX strategists note.
US Dollar to remain bullish across the board
"Inflation trading strategies remain some of the best performers across FX, highlighting the importance of inflation divergence. Inflation factors have outperformed growth factors, suggesting that ROW/US growth convergence isn't enough to weaken the USD."
"Instead, we think everything needs to go just right in the months ahead, with any surprises likely to benefit the USD. Risk and equity trading baskets have also performed well for most of this year but again those are two themes that work for the USD."
"From here, we expect a 2.5% jump in the BDXY, taking it to 1300 by yearend. That takes EUR/USD towards 1.02, USD/CAD above 1.40 and USD/CNY to 7.40."
© 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
