Buy the dips in USD – Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 28, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - Richard Franulovich, Strategist at Westpac, has recommended buying the dollar on dips towards the 98.00 area.

    Key Quotes

    USD index in good shape. Through the turmoil of recent weeks and diminished Fed hike odds the USD index has if anything trended slightly higher”.

    “The Fed statement made all the expected dovish concessions but the option to go in March remains on the table”.

    “Our surprise index signals that pessimism on the US economy is getting ahead of itself, the next big swing likely to be in the direction of a sustained run of upside surprises”.

    “Another jobs print around 200k for Jan next week should steady the ship. USD index a buy into 98 if seen”.
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