14/ 08/ 2017

Week Ahead | FOMC & RBA Meeting Minutes, Key Data in Focus

Dollar recovers broadly today as the markets are calmed down from the concerns over US-North Korea tensions. Meanwhile, Yen and Swiss Franc also soften mildly as a result. There was no further drastic development regarding the tension during the weekend. Chinese President Xi Jinping had a telephone call with US President Donald Trump on Saturday and urged a peaceful resolution to the issue, and all sides to avoid words or actions that escalate the tensions.

Focus will temporary turn back to minutes of Fed, RBA and ECB, as well as a large number of global economic data. But markets will also keep one eye on the US-North Korea development.

10/ 08/ 2017

Trade and Production Figures to Define the Pound

The U.S. Dollar fell against a basket of currencies on Wednesday as increased tensions between the United States and North Korea sent investors into lower-yielding, lower-risk assets. Investors sought shelter in the Japanese Yen, a common safe haven during geopolitical turmoil.

Moreover, It’s a big day for the Pound and this may seem more like a Mega Thursday when compared with last week’s Super Thursday, as the markets look ahead to this morning’s June manufacturing and industrial production figures, which are scheduled for release alongside June’s trade numbers.

09/ 08/ 2017

Will the Dollar Rise Alongside Rising Tensions with North Korea

Forex on Tuesday had the dollar in favor after a healthy JOLTS report points to the likelihood of wage increases and a US economy on track for further rate hikes in December later this year. However, despite of the data released, Stock Market Sell-off Sends Investors into Safe-haven Assets after Trump Issues Warning to North Korea which brought volatility in the Financial Market.

Looking ahead, UK will released Inflation Report Hearings followed by US Unit Labor Costs & Nonfarm Productivity with the New Zealand interest rate decision later in the day. 

08/ 08/ 2017

The Dollar Nightmare Continues

The U.S. dollar eased slightly on Monday, but clung to most of its gains following Friday's robust U.S. jobs report, as investors await inflation data this week that may signal a turnaround in the currency's weakness this year. Federal Reserve speakers overnight said soft US inflation was a problem as they played down the risk of market disruption when the central bank starts shrinking its balance sheet. The comments reinforce market expectations officials will keep interest rates on hold next month, putting pressure on the greenback. Any hopes for the Dollar now largely hinged on Friday’s inflation numbers.

It’s a pretty quiet day for the day ahead, with stats out of Eurozone this morning having been limited to Germany’s Trade Balance followed by GDP Estimate that would influence the UK monetary policy.