07/ 09/ 2017

Today is all about ECB : ECB Statement and Press Conference

The U.S. dollar steadied against a basket of currencies on Wednesday on below average volume as investors prepared for the European Central Bank’s interest rate decision and monetary policy announcement. Traders will be especially interested in what ECB President Mario Draghi has to say at his post-meeting press conference.The Euro hit its highest level against the dollar since 2015 last week as investors bet on a trimming of the ECB’s stimulus program while pushing back their expectations for further rate hikes from the U.S. Federal Reserve.

For the day ahead, it is going to be the day of ECB, Investors will be particularly interested in the comments from ECB President Mario Draghi later today as he will speak about the exchange rate and if it poses a threat to any policy tightening plans which will surely give impact on Euro. 

06/ 09/ 2017

North Korea, Hurricane Irma, and the ECB Causing Worries for Global Investors

The greenback fell broadly against majority of its peers in hectic trading on Tuesday due to continued tensions on the Korean Peninsula, U.S investors have an additional worry developing. Hurricane Irma appears to be heading for the States in the next few days. Wall Street put in steep losses on Tuesday and will open cautiously again today. Dovish comments yesterday by Federal Reserve members at a variety of conferences has created an additional weakness for the U.S Dollar.

Looking ahead, RBA will release its Gross Domestic Figures followed by, ISM Manufacturing from US and Rate Decision that will be coming from Bank of Canada.

05/ 09/ 2017

North Korea tensions remain, with the Dollar Under Pressure Once More

While markets were focused to see whether geopolitical risks would ease later on Monday after North Korea announced its successful test of a powerful weapon on Sunday, risk-off sentiment rose again instead, following rumors that North Korea was preparing for another intercontinental ballistic missile test. The dollar dipped into further losses, unable to find support as US and Canadian markets were closed for the Labor Day holiday.

Looking ahead, we have an eventful EUR calendar, with the Swiss GDP and CPI data up for release, followed by a raft of Euro area final services PMI reports, followed by Eurozone GDP and retail sales, will keep the EUR, GBP traders busy. Besides, speech by the RBA Governor Phillip Lowe will also remain the key highlight in the session ahead.Later in the day, speeches by FOMC members Brainard and Kashkari will drive the USD moves, with the US factory orders data also on the cards. 

04/ 09/ 2017

Week Ahead | BOC and RBA in Focus with ECB in the Spotlight

Dollar survived the geopolitical risks in Korea peninsula, damage of hurricane Harvey, and a set of disappointing non-farm payroll data, to end the week "mixed”.

Monetary policy will dominate the coming week as the central banks of Australia, Canada, and Eurozone and hold their scheduled policy meetings. Data wise, the focus will be on trade and industrial output indicators, with a number of countries reporting, including Germany, France and the United Kingdom. However, it will be a slow start to the week with both US and Canadian markets closed on Monday for Labour Day.