Boris and Kathy Forex Weekly – 25/7/2016 – Commodity Dollars
July 24, 2016 11:48 pm
Boris and Kathy Forex Weekly – 25/7/2016 – Commodity Dollars
In a period of global easing, the Federal Reserve’s steady and slightly hawkish monetary policy stance makes the greenback and American assets particularly attractive. Even with the end of week pullback, the trend in U.S. stocks is strong with equities climbing to record highs. Buy America is the prevailing attitude in the financial markets and we don’t expect that to change in the coming week. We’ve seen investors shrug off softer manufacturing reports in favour of healthier housing data. Interest rates in the U.S. will remain low, which will support housing and the fact that they won’t fall any further is positive for the dollar. The main focus for the forex market in the coming week will be the Federal Reserve and Bank of Japan monetary policy announcements and Q2 GDP reports from the U.S., U.K. and Eurozone.
Boris and Kathy Forex Weekly – 25/7/2016 – Commodity Dollars
In a period of global easing, the Federal Reserve’s steady and slightly hawkish monetary policy stance makes the greenback and American assets particularly attractive. Even with the end of week pullback, the trend in U.S. stocks is strong with equities climbing to record highs. Buy America is the prevailing attitude in the financial markets and we don’t expect that to change in the coming week. We’ve seen investors shrug off softer manufacturing reports in favour of healthier housing data. Interest rates in the U.S. will remain low, which will support housing and the fact that they won’t fall any further is positive for the dollar. The main focus for the forex market in the coming week will be the Federal Reserve and Bank of Japan monetary policy announcements and Q2 GDP reports from the U.S., U.K. and Eurozone.
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