logo |

News

    Home   >     Original    >     Main body

    Weekly USD Outlook: Powell’s Message Is Worth Noting

    Abstract:S&P 500’s steep fall of 6% within one day last week gave the market risk warnings. Such a swift and sudden fluctuation usually benefits dollar as a global reserve currency, but on the other hand, demand for dollar may reduce if market volatility further declines.

      

      WikiFX News (15 June) - S&P 500s steep fall of 6% within one day last week gave the market risk warnings. Such a swift and sudden fluctuation usually benefits dollar as a global reserve currency, but on the other hand, demand for dollar may reduce if market volatility further declines.

      As for the fundamentals, US Retail Sales data will be released on Tuesday. Market expects a 7.4% Retail Sales Monthly Rate in May, and the improvement of consumption can boost Dow Jones and S&P 500. These factors will weigh on greenback, leading to inferior performance of USD against growth-related currencies such as AUD and NZD.

      Meanwhile, investors also need to pay close attention to the speeches of Fed‘s policy makers, including Fed’s Chair Jerome Powell. He is expected to reiterate his concerns over economic prospect which he already mentioned last week.

      The Fed‘s balance sheet saw little changes last week, which can increase the market’s demand for greater liquidity. If the present economic situation is not substantially improved, the US dollar will have less room to decline further.

      From WikiFX, a renowned global forex broker inquiry platform where you can easily check brokers compliance and avoid being scammed. Download WikiFX App here bit.ly/WIKIFX.

    分析-06.15.png

    Latest News

    Malaysian Ringgit

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    Malaysian Ringgit
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.

    ×

    Select Country/Area

    ×

    Select Country/Area