Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.
    2021
    Best News & Analysis Provider
    FxDailyInfo
    2022
    Best Forex Educational Resources Global
    International Business Magazine

    Investors should use Dollar strength this month to position for lower levels later in the year – ING

    Source Fxstreet
    Feb 21, 2024 08:21

    In quiet markets, the US Dollar (USD) is coming slightly lower. Economists at ING analyze Greenback’s outlook.

    DXY set to stay confined to something like a 103.80-104.40 range

    Currently, the market prices around 90 bps of Fed easing this year. We suspect the Fed's own forecasts – 75 bps of 2024 easing – will be the minimum amount of easing the market will now price. And that is why, we think investors and corporates should use Dollar strength this month to position for lower levels later in the year.

    We have been saying this week that a low volatility environment means that breakouts should not be chased. So let's see whether DXY stays confined to something like a 103.80-104.40 range.

     

    Disclaimer: For information purposes only. Past performance is not indicative of future results.
    placeholder
    US Dollar can edge higher – BBHThe US Dollar (USD) pared back some of its recent solid gains.
    Source  Fxstreet
    The US Dollar (USD) pared back some of its recent solid gains.
    placeholder
    Dow Jones Industrial Average lurches into even higher highs, taps 39,880 on ThursdayThe Dow Jones Industrial Average (DJIA) tore into its second all-time high this week, climbing eight-tenths of a percent and tapping a fresh record peak of 39,889.05 as US equities broadly gain ground.
    Source  Fxstreet
    The Dow Jones Industrial Average (DJIA) tore into its second all-time high this week, climbing eight-tenths of a percent and tapping a fresh record peak of 39,889.05 as US equities broadly gain ground.
    placeholder
    The US Dollar has room to recover in the coming days – INGEconomists at ING continue to see short-term upside potential for the US Dollar (USD).
    Source  Fxstreet
    Economists at ING continue to see short-term upside potential for the US Dollar (USD).
    goTop
    quote