29/ 04/ 2018

Week Ahead: Can the Dollar continue Rising?

The Greenback rode higher on the back of strong US Treasury Yields as it broke the magical 3% level last week. Dollar was also supported by better than expected US GDP while pound and euro fell sharply, as data and mixed messages triggered a sell off for both currencies.

This action packed week features the all-important Fed decision and Non-Farm Payrolls. Rates are expected to remain unchanged, but as usual, market players will be scrutinizing the wording of the statement in search for clues on future moves.

26/ 04/ 2018

US Treasury Yields heading the way for a Stronger Dollar over the Rivals

Euro and Pound edged lower against the dollar yesterday first session as the Dollar rose after a rise in benchmark US Treasury Yields above 3% led investors to consider whether the greenback was breaking out of a prolonged weak spell. The US 10 Year Treasury Yield has risen to its highest in more than four years, driven by worries about the growing supply of government debt and inflationary pressures from rising oil prices. Dollar retreats mildly in Asian session today but remains the strongest one for the week.

Looking ahead, the ECB Press Conference is the main event of the day, softer inflation figures likely to see Draghi give the EUR a reason to slide this afternoon, few expecting Draghi to take a hawkish stance. For the Dollar, trade figures could get the markets riled again, though much will depend upon yields for the Dollar.

21/ 11/ 2020

Terms & conditions

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24/ 04/ 2018

Dollar Hits the Accelerator

The Euro and Pound slipped lower against the Greenback due to a 3% rise in US Treasury yields thanks to ease of tension between US and North Korea while negotiations between China and US made positive progress favoring the Dollar.

UK PM, Theresa May suffered another defeat in the parliament over EU Rights while Carneys negative comments sent the Pound down almost by 1.7%. Yet again U.S. existing home sales rose by 1.1% further supporting the Dollar.

Todays focus will be on the Germany business reports and US Housing Figures. However, developments from US-China Trade negotiations will be in focus as well.