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2016 US is a healthier looking picture - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analysts at Westpac noted that both FOMC Governors' Tarullo and Brainard were sounding a notebook caution over lift-off (both arguably closer to the FOMC leadership).

    Key Quotes:

    "OIS markets still discount a 30pct chance of a Fed hike by year's end."

    "Dec Fed hike odds understandably won't fall to zero but they are more likely than not to continue to drift lower, weighing on the USD."

    "USD index can fall to 93/94 into year’s end. The longer term uptrend in the USD though likely remains intact."

    "Soft data trends in the near term will be a challenge for the USD but 2016 should still see a relatively healthier US picture emerge than many parts of the world."
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