Friday, October 20, 2017

Surrounded dollar grabs Statistics | Boris Fedotov

Surrounded dollar grabs Statistics | Boris Fedotov

surrounded dollar
grabs Statistics


After an unusually calm response to Donald Trump
latest missile provocation of North Korea, investors began to gradually withdraw from
Safe-haven assets. Distracted from geopolitics, market participants are reminded that
this week will be published final data on US GDP and NFP report for August, which is forecast to show growth of new
of jobs created in the non-agricultural sector of the US by as much as 180 thousand
units. Expectations of positive statistics allowed the American currency to play
lost ground in tandem with the Japanese yen and overthrow the EUR / USD to highs of 2.5 years. In addition, the dollar is clearly oversold, so a correction
It was quite expected.


Additional support for the greenback may have
today by Donald Trump, devoted to tax reform.
The American president is able to "get the crowd", and it is possible that it
fiery speeches will convince the markets that he will be able to get the bill through
Congress in the near future. Although, given the unresolved problem of public debt and
loss of 40 billion dollars from Hurricane "Harvey", it is very doubtful.


With regard to the NFP report, if he
will be better than expected, the dollar received some support, but the reaction
Markets are likely to be short-lived. While not solved the problem of the national debt
and they will not know the results of the September meeting of the Fed, the US currency
It remains under pressure despite the positive statistics. In addition, Nonfarm Payrolls no longer has such a strong impact on the markets,
Considering that the steady growth of employment is not conducive to the acceleration of inflation
target level.


In addition, we must not forget that at any time the DPRK
may launch another missile or appear new details about the case
"Russian trace" that traditionally cause a collapse of the US dollar. In this way,
count on steady growth greenback against the euro, I would not at
least until the next meeting of the ECB, which is scheduled for September 7.


I suggest you get acquainted with the possibility of earnings on such news. Learn more about my training course and learn to trade profitably: boris-fedotov.com



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