The next month provides a nice window for the USD to consolidate – TDS DollarIndex Banks UnitedStates China
In the view of analysts at TD Securities, there is likely potential for USD consolidation in the first quarter of the year.“Earnings, global data surprises, and a bumpy China reopening could stall the Goldilocks optimism in the weeks ahead.”
“The next month provides a nice window for the USD to consolidate. It screens at an extreme discount on a host of measures, though we think any rallies will be shallow, brief, and short-lived.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pairs in Focus This Week-GBP/USD, EUR/USD, USD/JPY, AUD/USDGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of January 15th, 2022 here.
Read more »
Weekly Forex Forecast \u2013Gold, EUR/USD, USD/JPY, AUD/USDThe difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week.
Read more »
Gold Price Forecast: XAU/USD continues to face correction risks – TDSGold rallied all the way up to $1,920 in the last session of the week. However, strategists at TD Securities note that the yellow metal confronts corr
Read more »
AUD/USD surpasses 0.7000 as USD Index refreshes seven-month low, China’s GDP eyedThe AUD/USD pair has surpassed the psychological resistance of 0.7000 for the first time in the past five months in the Asian session. The Aussie asse
Read more »
AUD/USD eases from five-month high, holds steady below 0.7000 amid sustained USD sellingThe AUD/USD pair kicks off the new week on a positive note and climbs to its highest level since mid-August during the Asian session. The pair, howeve
Read more »
USD/INR Price News: Finds demand below 81.20 as USD Index attempts recoveryThe USD/INR pair has picked strength marginally below the critical support of 81.20 as the US Dollar Index (DXY) has attempted a recovery after refres
Read more »