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  • $AUDUSD, Australian govt. bond yields rising after #RBA minutes They mentioned a 1st step to tapering 'is likely to occur end of June' when TFF is likely to end They also said they may consider extending it amid deterioration in financial system, but signs are currently missing https://t.co/ROgYfwKOub
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here: https://t.co/rfwUWJfbz9 https://t.co/oeIXNNpty3
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  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.55%, while traders in Germany 30 are at opposite extremes with 80.61%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/9NAFmqV7Yl
Fiscal Stimulus to Boost US Economic Growth, Says OECD

Fiscal Stimulus to Boost US Economic Growth, Says OECD

Chrisitan Lewis,

Talking Points:

  • Fiscal stimulus set to boost economic growth in United States
  • GDP growth under 0.5 and 1 ppt in 2017, 2018 respectively
  • Monetary policy set to remain on cautious path near term

See how retail traders are positioning in the majors using the DailyFX SSI readings on the sentiment page.

According to a report today from the Organization for Economic Cooperation and Development (OECD), United States GDP is set to enjoy moderate growth as we head toward the end of the year, and set to accelerate as projected fiscal stimulus hits the economy in 2018. The projected fiscal support should lift domestic GDP growth, adding just under one-half and one percentage point in 2017 and 2018 respectively.

With the labor market continuing to perform well and inflation rising, the Federal Reserve is assumed to continue on their gradual rate-hike path, hitting 2.00 percent by the end of 2018. However, monetary policy should remain on a cautious path as certain inflation expectation measures have consistently undershot their targets. This may have the potential to edge down market expectations for hawkish Fed policy near term.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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