Trade and Fed in focus this week – TDS
|Analysts at TD Securities suggest that the trade conflict between the US and China remains one of the major themes, though one of the key questions is how much is priced in versus the actual growth impact moving forward.
Key Quotes
“We think, for the majors at least, most of the negative news is priced in, suggesting FX could be less responsive to some of the daily headlines. In turn, this could reinforce the convergence of global equities into Q4.”
“This week is all about trade and monpol. The Fed should deliver another rate hike, though we think this is already priced into USD.”
“This week also brings the unofficial (official) deadlines on NAFTA talks.”
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