USD/DKK 1:4 Risk Reward Short? Long Term Outlook
USD
- Quant Scores shifted against USD by 10 points
- Building permits less than forecast showing a potential slowdown in approved housing
- Supported by a negative result in housing starts which can affect many other factors of growth such as jobs and money supply
- Consumer Confidence heavily lower than forecast suggesting the US consumers are less confident in the outlook, this can mean consumers keep their pockets tight and don't spend as much in the economy
- Manufacturing index suggesting a big slowdown in manufacturing after missing forecast by 2
- Quant Scores shifted against USD by 10 points
- Building permits less than forecast showing a potential slowdown in approved housing
- Supported by a negative result in housing starts which can affect many other factors of growth such as jobs and money supply
- Consumer Confidence heavily lower than forecast suggesting the US consumers are less confident in the outlook, this can mean consumers keep their pockets tight and don't spend as much in the economy
- Manufacturing index suggesting a big slowdown in manufacturing after missing forecast by 2
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