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Market Mood DXY 08.12.20

Market Mood DXY 08.12.20

Market Mood DXY 08.12.20

in Weekly Forecasts

Listen to the latest market mood for the DXY:

Most analysts are expecting a strong run lower in the USD for 2021. The key drivers are the reflation narrative regarding global growth, large QE purchases from the Federal Reserve, low interest rates expected until 2023, and an upcoming Biden Presidency which walks back some of the US protectionist policies from under President Trump. In this environment, it is reasonable to expect further USD downside.

The most prudent approach looks to be selling DXY rallies.

Trade Risks:

  • The main risk to this trade is if there is a return to risk-off trading which would strengthen the USD.
  • Any indication that the Federal Reserve will be raising interest rates sooner than 2023 will strength the USD and invalidate this outlook.

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Legal Forms & Documents

Risk Warnings

Cookies Policy

Disclaimer: Any opinions made may be personal to the author and may not reflect the opinions of HYCM. All expressions of opinion are subject to change without notice. This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. HYCM makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by an employee of HYCM, a third party or otherwise. Past performance is not an indication of possible future performance. Without the approval of HYCM, reproduction or redistribution of this information isn’t permitted.

Legal Information: HYCM is the trading name of Henyep Capital Markets (UK) Limited, HYCM (Europe) Ltd, HYCM Limited and Henyep Capital Markets (DIFC) Limited for which the Henyep Capital Markets group is holding company and its assets are a controlling equity interest in them.

* Cryptocurrencies are not available for trading under HYCM (Europe) Limited and Henyep Capital Markets (UK) Limited (retail clients only).

*Any opinions made in this material are personal to the author and do not reflect the opinions of HYCM. This material is considered a marketing communication and should not be construed as containing investment advice or an investment recommendation, or an offer of or solicitation for any transactions in financial instruments. Past performance is not a guarantee of or prediction of future performance. HYCM does not take into account your personal investment objectives or financial situation. HYCM makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or other information supplied by an employee of HYCM, a third party or otherwise.

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