USD: Broadly weaker as FOMC dust settles – Scotiabank
19.09.2024, 11:32

USD: Broadly weaker as FOMC dust settles – Scotiabank

The bold move from the Fed was accompanied by a significant shift in the Fed’s rate outlook. The USD weakened before reversing to trade little changed into the close Wednesday. A clear push below 100.50/55 targets a drop to the 99.00/50 area in the short run and will point to more sustained index weakness in the medium term, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

USD back on the defensive this morning

“Chair Powell projected calm in yesterday’s press conference, suggesting the bold cut was not a ‘catch up’ move but rather recalibration in response to developments in the labour market and inflation since the last meeting. Still, the prospect of a steady string of rate cuts in the US versus slower progress in Europe will still drive pressure on the USD from a medium-term point of view.”

“The choppy market response to the decision yesterday—the USD weakened before reversing to trade little changed into the close Wednesday—looks like little more than position adjustment after the fact with the USD back on the defensive this morning.”

“Intraday price action for the USD looks quite soft and leaves the DXY pressuring support around the 100.50/55 area again. A clear push below this point targets a drop to the 99.00/50 area in the short run and will point to more sustained index weakness in the medium term.”

© 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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

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.

Politika poverenja

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
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik