- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- USD: Trump trade still at work – ING
USD: Trump trade still at work – ING
The FX market got a little shake-up yesterday as EUR/USD broke lower from its recent flat trading. The US Dollar (USD) losses from the softer June CPI report have now been erased in most USD crosses, with Japanese Yen (JPY), Swiss CHF and GBP standing our as a few key winners, ING’s FX strategist Francesco Pesole notes.
Low FX volatility environment doesn’t favour carry trades
“Looking at the bottom of the FX scorecard, we sense the Trump trade is still very much at play. Scandinavian and Antipodeans are all 2.3-3.0% weaker against the dollar since the assassination attempt of Donald Trump on 13 July, and that’s despite some currency-positive news like above-consensus non-tradeable CPI in New Zealand and strong employment numbers in Australia.”
“This appears more an adjustment to the Trump re-election risk rather than the start of a multi-month trend. The Federal Reserve story remains negative for the USD and should ultimately put a cap to dollar gains short-term. Yesterday, a robust two-year Treasury auction drew the lowest yields from January, and we think that a BoC cut today can help further cement Fed cut expectations.”
“The FX market defaults to focusing on domestic stories while the currencies sensitive to the Trump trade struggle to recover in the near term. The low FX volatility environment is clearly not favouring any rotation back to carry trades. On the contrary, markets appear to be unwinding positions in some selected high-yielding currencies like MXN and ZAR, while the funding JPY continues to perform very well.”
© 2000-2024. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
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.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.
Банковни транcфери
