Trading Forex and CFDs is risky
Read HotForex Daily Market Analysis

USD Opens New Week Weaker – Video analysis

Market Analysis

USD Opens New Week Weaker – Fedspeak adds volatility on USD crosses, with Fed Governor Brainard raising rates more gradually than the median forecast as prudent, but is ready to start shrinking the balance sheet.She remains concerned that recent low price readings are due to depressed underlying inflation, which remains “well short” of its objective, and remains cautious on rate hikes accordingly. Moreover, she thinks the Fed should make it clear that it is comfortable pushing inflation “modestly above target for a time.” Dovish Brainard sees few signs of asset bubbles and feels inflation data should be closely assessed and the Fed should be confident before raising rates. This is about par for the dovish course from Brainard and yields are accordingly inert near session lows.

Click here to access the HotForex Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! The next webinar will start in:

Stuart Cowell

Senior Market Analyst


Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.