Talk of month end US Dollar selling | FX Research
We're seeing more "sell the fact" action on the Trump trade and hearing a lot of talk about month-end dollar outflows.
This seems to be factoring into price action today, with the dollar down across the board.
Dollar weakness has been especially prominent against the yen, where speculation of a December BOJ rate hike is ramping up. The euro has also gained relative strength, supported by more hawkish comments from ECB's Schnabel.
Earlier today, the RBNZ announced its well-telegraphed 50 basis point rate cut.
Looking ahead, a lot of U.S. economic data is set to be released today, as it will all be packed in before U.S. market participants leave their desks for the Thanksgiving holiday break.
Key standouts include initial jobless claims, durable goods, GDP, personal income and spending, core PCE, Chicago PMI, and pending home sales.
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
This seems to be factoring into price action today, with the dollar down across the board.
Dollar weakness has been especially prominent against the yen, where speculation of a December BOJ rate hike is ramping up. The euro has also gained relative strength, supported by more hawkish comments from ECB's Schnabel.
Earlier today, the RBNZ announced its well-telegraphed 50 basis point rate cut.
Looking ahead, a lot of U.S. economic data is set to be released today, as it will all be packed in before U.S. market participants leave their desks for the Thanksgiving holiday break.
Key standouts include initial jobless claims, durable goods, GDP, personal income and spending, core PCE, Chicago PMI, and pending home sales.
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
Import the BlackBull Markets Economic Calendar:
blackbull.com/en/economic-calendar/?utm_source=tradingview
Free TradingView Premium with BlackBull Markets: blackbull.com/en/platforms/tradingview/?utm_source=tradingview
blackbull.com/en/economic-calendar/?utm_source=tradingview
Free TradingView Premium with BlackBull Markets: blackbull.com/en/platforms/tradingview/?utm_source=tradingview
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.