30/ 08/ 2017

The Return of the Dollar with ADP Nonfarm Stats in Focus

Yesterday, geopolitical uncertainty on north Korea and the potential negative impact of hurricane Harvey initially installed an outright risk-off sentiment in European trading. The U.S. Dollar recovered from any early session sell-off on Tuesday after hitting its lowest level in more than 2 1/2 years as traders shrugged off concerns surrounding a North Korean missile launch over Japan on Monday.

Today, the eco calendar contains German inflation and the confidence data of the EC. In the US, the APD labour market report and the second reading of the US GDP will be published.

29/ 08/ 2017

Risk Aversion Plagues the Markets, But what about the Dollar?

The greenback fell against the euro as investors bid up the common currency following Draghi's comments on Friday at the Jackson Hole symposium.

While there will be plenty of concern over what’s next from a trade perspective, with Trump also looking to terminate the North American Free Trade Agreement in search of a better deal, North Korea’s missile test, which saw missiles flying over Japan’s territories, is certainly of far greater concern going into the European session.

Looking ahead to the stats for the day, with economic data released this morning including German consumer sentiment figures, together with French 2nd quarter, 2nd estimate GDP and July consumer spending numbers. The key number out of the U.S this afternoon will be August’s consumer confidence figure.

28/ 08/ 2017

Are You Paying Extra for Your Remittances?

According to a survey done by Guardian Wealth Management (GWM), a global financial planning firm, has recently calculated how much it costs UAE expatriates, particularly those in the above-average income bracket, to move funds overseas. And the accumulated fees can reach as much as Dh6,000 on average in one year.

Delma Exchange’s dedicated Private Client dealers provide a personalised and cost effective service to manage your international transfers. Whether it is small or large transfers, Delma Exchange can help you make the most of the foreign exchange markets, managing your risk and avoiding you paying excess fees.

28/ 08/ 2017

Week Ahead | Greenback Still in the Hole

A combination of events put pressure on the U.S. Dollar last week, culminating with speeches by Fed Chair Janet Yellen and European Central Bank President Mario Draghi on Friday.

The US Dollar closed the previous week lower amid dovish Janet Yellen and Donald Trump’s suggestion to shut down the government which increased political instability.

In the week ahead, investors will closely watch the US nonfarm payrolls on Friday, US Gross Domestic Product on Wednesday, Eurozone inflation figures on Thursday and UK manufacturing PMI on Friday.