22/ 04/ 2018

Week Ahead | Dollar Bulls Back In Control?

Last week, the Euro and Sterling lost more ground against the Dollar as it found support from encouraging economic data and rising yields. The risks of trade war and geopolitical tensions took a backseat for a while as better than expected housing data and optimistic FED speeches supported the greenbacks surge.

This week features GDP figures from both UK and USA while ECB’s Rate decision and Press conference would be monitored closely. If President Trump stays relatively quiet, U.S. data beats expectations and 10-year Treasury yields edge closer to 3%, the U.S. dollar can extend its gains this week as well. The most important piece of data on the U.S. calendar will be first quarter GDP on Friday.

19/ 04/ 2018

Retail Sales and the Pound in Focus

The greenback ended modestly higher against its major peers on Wednesday as trade war and geopolitical tension in Syria eased. Sterling is the biggest loser after CPI missed market expectations. Most importantly, it’s the sharp trend of slowdown in inflation, from 3% in January to 2.5% in March that raised doubts on a BoE May hike.

Looking ahead, UK retail sales will be a focus in European sessions. From Australia, March labor market numbers are scheduled for release and later in the day, US jobless claims, Philly Fed survey and leading index will be released.

18/ 04/ 2018

Dollar edges up on upbeat US Data

The dollar edged higher up on Tuesday, as strong U.S. economic data supported the greenback against major currencies and risks around U.S.-China trade relations and tensions in the Middle East appeared to take a backseat.

Euro seems to be on the backfoot at the moment while Pound is holding on some ground despite mixed economic figures. Euro will look to gain some lost ground as the markets awaits the all-important euro zone inflation figures. Furthermore, UK Inflation, Canadian rate decision and Speeches from FED members are scheduled for release.

17/ 04/ 2018

UK Jobs data in Focus

The markets opened on Monday setting aside the weekend news on the targeted air strikes by the U.S. and its allies on Syria. Lack of response from Russian authorities saw the markets gaining risk appetite. On the economic front, the day was relatively quiet.

Looking ahead, quite an eventful Tuesday as we will see data coming in from China, UK, Euro zone and USA. UK job data will be a key focus in the upcoming session. From US, the building permits data will be coming out alongside the industrial production figures. FOMC members, Williams, Bostic and Quarles are expected to speak later in the day.