USD resilience could extend into next week – TDS
22.11.2022, 11:27

USD resilience could extend into next week – TDS

The US Dollar has staged a comeback. In the view of economists at TD Securities, the resilience of the greenback could extend into next week.

Gap up risk in USD/JPY over the next couple of weeks

“What makes the recent shift interesting is that it comes ahead of US holidays, where more often than not you have seen positive trends in non-USD FX reverse into it. Moreover, Powell is slated to speak on Nov. 30th and we think it is prudent to assume that he will likely be dismayed over the shift in financial conditions since he last spoke. That we think, could extend USD resilience into next week.”

“USD/JPY is particularly interesting for a couple of reasons: 1) broad USD variation is showing pretty uniform positive correlation across fed funds curve (and not just the easing portion); and 2) USD/JPY FV currently sits at 145/146. So, the risk here is that we may still see a gap up risk in USD/JPY over the next couple of weeks unless US long rates can rally and provide an offset.”

“USD/CAD looks fair above 1.35. From a technical point of view, extension risks lie towards 1.36 (roughly where downtrend resistance from the Oct 13th highs come in) unless OPEC+ does not provide production increases.”

“If the USD is truly peaking or at the very least in broad consolidation mode around the holidays, there is scope for value to dominate in the weeks ahead.”

 

© 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