The path of the federal funds rate shifted down | 20 8月 2020

20 8月 2020, GBP/USD

GBPUSD trading plan:

The market-implied path of the federal funds rate shifted down modestly over the intermeeting period. The corresponding path implied by responses to the Open Market Desk's Survey of Primary Dealers and Survey of Market Participants also fell, as the probabilities placed on rate hikes next year and in 2022 declined. Market pricing suggested that the federal funds rate was expected to first rise above the current target range in 2024. Conditions in short-term dollar funding markets were also stable, with overnight rates close to the interest on excess reserves rate. This is a negative signal for the U.S. dollar.

Trading recommendation: Buy 1.3057 and take profit 1.3125.

David Johnson
Analyst of «FreshForex» company
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus