DOLLAR BEARS STILL NEED DATA EVIDENCE – ING

avatar
· 閱讀量 36



Back from holiday. The minutes from the June FOMC meeting will be in focus but data releases hold the task of driving any substantial Dollar move for now, economists at ING report.

US markets reopen today and FX volatility should pick up again

US markets re-open today and we expect some pick up in FX volatility, with both Fed communication and data coming into focus.

The minutes from the June FOMC meeting are the main highlight. Overall, the dot plot projections and the post-meeting Fed communication suggest that markets may not find many hints to recalibrate their tightening expectations lower today. If anything, the trigger for such a dynamic would be weak US data. 

On Wednesday, the calendar is not particularly heavy in the US: factory orders for May and the final print of durable goods orders. Thursday’s ISM services and ADP employment figures are a bigger risk event for the Dollar.

 


風險提示:本文所述僅代表作者個人觀點,不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證,對於基於該內容所採取的任何行為,不承擔任何責任,除非另有書面明確說明。

喜歡的話,讚賞支持一下
回覆 0

暫無評論,立馬搶沙發

  • tradingContest