US Dollar Talking Points: The economic calendar brings some notable items of interest around the US Dollar. October CPI numbers have already been released, and later this morning marks the start of FOMC Chair Jerome Powell’s two-day testimony on Capitol Hill. After a strong sell-off in October USD bulls have come back in November, wiping
Month: November 2019
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Arjen van Dijkhuizen, senior economist at ABN AMRO, points out that India’s economic growth has cooled sharply since mid-2018. Key Quotes “After hovering around 8% yoy in 1H18, real GDP growth has continued to slow, reaching a six-year low of 5.0% yoy in Q219. This slowdown is broad based. Next to domestic factors, the deterioration
USD/JPY clings to 200-day SMA amid trade/geopolitical tension. Hong Kong diplomats show the capability to tame the violence, US President Trump says ‘close’ to trade deal with China. Recently upbeat Fedspeak, inactivity around key technical levels, shift market focus to upcoming data/events. Despite the latest updates concerning Hong Kong protests and the US-China trade deal,
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