17/ 08/ 2017

Data heavy day, focus on the ECB minutes

It was a day of reversals on Wednesday with several futures markets changing direction during the course of the trading session due to a political decision by U.S. President Donald Trump and mixed U.S. Federal Reserve meeting minutes. This news made the U.S. Dollar a less attractive investment, encouraging investors to sell the Greenback against all major currencies.

Looking ahead, quite an eventful Thursday as we will see reports from Australia, Euro zone, UK and USA today. However immediate focus now remains on the ECB Monetary policy meeting reports which will offer some incentives to the EUR traders.

16/ 08/ 2017

Will the FOMC Minutes set the Dollar High?

U.S. Dollar Index futures soared to their highest level since July 25 on Tuesday after the release of better-than-expected U.S. economic data. The index was underpinned early in the session by the news that North Korean leader Kim Jong Un had delayed a decision on firing missiles toward the U.S. Pacific territory of Guam, but it was the economic data that sent the index to nearly a three-week high.

Focusing on the day ahead Jobs report from UK will be released, followed by the main event of this day the Minutes from the Fed's July meeting, and will be watched for clues on the timing of rate hikes as well as whether the Fed is likely to announce a reduction in its balance sheet at its September meeting.

15/ 08/ 2017

Dollar and Pound in the Spotlight

The dollar rose broadly on Monday as traders unwound bearish bets against the U.S. currency that have come in the wake of increasing tensions with North Korea and underwhelming inflation data. The absence of further abrasive rhetoric by U.S. President Donald Trump and North Korean leader Kim Jong Un over the weekend helped bring investors back to the dollar and out of safe-haven currencies such as the Japanese yen and Swiss franc

Going into the European session, with UK July inflation figures scheduled for release this morning, today’s numbers will certainly give the pound some direction followed by the key driver from US retail sales figures, which have been woeful of late that will reignite hopes of a FED rate hike by year end.