Morgan Stanley Stays Bullish on the Dollar Amid Trade Tensions

Morgan Stanley is sticking to its bullish stance on the dollar, citing a resilient U.S. economy and bets for rising interest rates. The bank also expects tariff negotiations to lead to a positive outcome that will allow America’s trade deficit to narrow.

Risk markets should recover as there is little reason for them to react to growth concerns at a time when the U.S and Chinese economies are performing well, strategists including Hans W Redeker wrote in an April 5 note. The dollar “will see the initial positive reaction to rebounding risk appetite, with U.S. rates expectations lending support,” they wrote.

The Bloomberg Dollar Spot Index has extended losses this year after declining 8.5 percent in 2017, hurt by simmering U.S. trade tensions and concern over America’s deficits. China said Friday it would counter U.S. protectionism “to the end, and at any cost,” after President Donald Trump ordered his administration to consider tariffs on an additional $100 billion in Chinese goods. Read More @


USD is expected to rally tonight as the NFP data is expected to be good.


  1. 8.30pm – Canada will release employment change and is expected to be good; due the NFP that data will be very much dependent on NFP.
  2. 8.30pm – US will release Average hourly earnings and NFP – we are expecting the both data to be good. We stay neutral till the market makes its move. We are still not in favor of the USD. We let the USD to makes its move before we sell.
  3. 11.15pm – UK BOE Carney will speak and is expected to be hawkish – we maintain BUY for GBP.
  4. Saturday 1.30am – FED Chairman will speak and is expected to be hawkish – be cautious of the USD volatility.

The market will be cautious today – expect volatility during NFP but we believe overall the USD will takes is downturn after the rally today.

High Risk Investment Warning:

Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary

  1. storno brzinol 3 months ago

    Some truly excellent blog posts on this website, thank you for contribution. “An alcoholic is someone you don’t like who drinks as much as you do.” by Dylan Thomas.

  2. I know this if off topic but I’m looking into starting my own weblog and was curious what all is needed to get set up? I’m assuming having a blog like yours would cost a pretty penny? I’m not very web smart so I’m not 100 sure. Any recommendations or advice would be greatly appreciated. Many thanks

  3. Prix Livraison Domicile Casino Aluminium T Slot Plate Pour Cnc Machine Г  Fraiser Machine Frame Notice D Utilisation Casino 23ug27v

Leave a reply

Your email address will not be published. Required fields are marked *



We're not around right now. But you can send us an email and we'll get back to you, asap.


FINWAZE makes no representations or warranties, express or implied, in relation to this website ( or the information and materials provided on this website. It does not also warrants that this website will be constantly available or available at all times. The information on this website is complete, true, accurate or non-misleading. Nothing on this website constitutes, or is meant to constitute, advice of any kind. FINWAZE shall not be liable for any damage or injury, whether direct or indirect, that it may cause in relation to the contents of, or use of, or otherwise in connection with this website. By using this website, you agree to the reasonableness of the limitations of liabilities herein set out and further agree to assume whatever risk, loss, damage or injury in may cause in connection to the use of this website. No claims shall be brought personally against the officers and employees of FINWAZE, in connection with the use of this website. The user of this website agree to the limitations of warranties and liabilities herein set out to protect the officers, employees, agents, subsidiaries, successors, assigns and sub-contractors as well as FINWAZE. Any unenforceable provisions that may be found on this website under applicable law shall not affect the enforceability of the other provisions.

Legal Documents  |  ©2021 Finwaze Philippines

Pin It on Pinterest

Share This

Log in with your credentials

Forgot your details?