US Economy on the road to recovery

[mumuy]

For Thursday, anticipate a changed of pace for the Greenback for the coming session, as the US dollar trading picked up, clear tone of USD strength despite the slightly dovish FOMC result. The bid tone in USD was based on the linger optimism generated by a stronger than expected ADP and second quarter GDP read. Yesterday, the FOMC statement was views on the slightly dovish side as Bernanke focused comments on the soft patch of economic growth, negative effect of higher mortgage prices and the emphasis on the need for higher inflation.

Interestingly, there was no direct discussion in the policy statement of possibly monthly asset purchases later this year. However, while Bernanke stated the facts in actuality he never made any fundamental changes that would signal that asset purchases would begin to be tapers in September. And on this realization the markets will begin shifting expectations from December back to September, causing the USD to continue to find buyers.

For more details:

https://www.paxforex.com/forex-blog/signals-of-us-economic-recovery

http://www.nytimes.com/2013/08/02/b...ctory-activity-may-bolster-recovery.html?_r=0

http://www.telegraph.co.uk/finance/...economy-grows-by-1.7pc-in-second-quarter.html

 

[Rambo35]

I honestly don't think the US economy is recovering at all, sure GDP the way the government looks at it shows a positive number. Ask consumers on the street and they will tell you a different story. Most Americans never left the Great Recession.

 

[Master Forex IB]

Yes it is right now economy is going to the right path . Us now will stable with its economic conditions. They do big steps for this to strengthen it . USD is also a strong pair in trading where traders get daily profits.

 

[michael77]

Well, they are trying but the brutal truth is that expectations usually does not come as they were expected. The time frame you had mentioned it is not obvious to me as still they have to deal with lots of issues in order to come back strongly in world's economy and it would not be easy, but still USD is one of the most strongest currencies in Forex market.

 

[Rambo35]

Yes it is right now economy is going to the right path . Us now will stable with its economic conditions. They do big steps for this to strengthen it . USD is also a strong pair in trading where traders get daily profits.

Did you even read what the OP tried to say?