LION DIVERSIFIED HOLDINGS BHD
KLSE (MYR): LIONDIV (2887)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
0.005
Today's Change
0.00 (0.00%)
Day's Change
0.00 - 0.00
Trading Volume
0
Post a Comment
Market Buzz
Featured Posts
Apps
Top Articles
2
3
Koon Yew Yin's Blog
4
5
Good Articles to Share
Slower US Fed pivot weakens rate-cut bets across emerging Asia
6
7
Good Articles to Share
8
Good Articles to Share
Bank of America CEO talks earnings, consumer spending, and inflation
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
albertwarrior
1,135 posts
Posted by albertwarrior > 2017-04-14 10:23 | Report Abuse
US Dollar’s Trump Slump: Expectations + Reactions
Modified: Thursday, 13 April 2017 10:29 Written by Rob Samson Subscribe to our Newsletter
Trader reacts to the decline in the US Dollar
In an interview with the Wall Street Journal US President Trump said that the Dollar is “getting too strong” and that he prefers a “low interest rate policy”.
It appears Trump’s reference to lower interest rates has really caught attention with most analysts reading this to signify intent to appoint to the Federal Reserve board members who would share his view that low interest rates - and by proxy a lower Dollar - are appropriate.
The Trump administration set to appoint two new Fed Governors this year – and potentially a new Chair and Vice-Chair next year.
The US Dollar index - which is a measure of broader Dollar performance against a basket of currencies - endured its largest daily drop since mid-March on the comments.
US Dollar outlook rests with key moving average
To us it appears that further Dollar weakness is now likely and we would imagine that the Dollar index is intent on falling back towards the 200 day moving average which is denoted by the red line in the graph above.
We saw the index bounce back from this level back in March and would suggest this could be repeated.
However, losses towards the mid-99’s must be endured first.
Reactions
Kit Juckes at Societe Generale says further Dollar strength should be muted from here:
“President Trump doesn't like a strong Dollar, does like low interest rates, may yet offer Janet Yellen a second term, recognises that China isn't a currency manipulator, and is struggling to enact policies that will boost US growth.
“Looked at in that light, perhaps it's only to be expected that the Dollar is drifting lower. The medium-term case for the euro to usurp it as strongest of the major currencies grows steadily even if European political uncertainty holds it back in the short term.
“Looking ahead, it's tempting but probably unwise to write off the Dollar's prospects completely. The Fed isn't done tightening yet, the economy isn't done growing and we don't think we've seen the highs for yields yet.
“At this point, market expectations of a third Fed hike this year has faded significantly, and by too much. For all that though, further Dollar strength is going to be muted because by and large, economic prospects elsewhere are improving too.”