DXY trading strategy October 27, 2023
Brian Rose, senior U.S. economist at UBS, said the strong third-quarter GDP results reinforced the tension in the market between strong data and the prospect of higher interest rates and a negative outlook. On the other hand, the FED is still introducing tighter policies.
“This will likely continue to create market volatility until investors have confidence that the economy is cooling but not collapsing and the interest rate shock has passed,” Rose said. .
The European Central Bank kept interest rates unchanged, ending an unprecedented streak of 10 consecutive interest rate increases, although it emphasized that any discussion of cutting interest rates at this time was premature.
“This will likely continue to create market volatility until investors have confidence that the economy is cooling but not collapsing and the interest rate shock has passed,” Rose said. .
The European Central Bank kept interest rates unchanged, ending an unprecedented streak of 10 consecutive interest rate increases, although it emphasized that any discussion of cutting interest rates at this time was premature.
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