07/ 08/ 2017

Week Ahead | US Inflation under the Spotlight

Volatility in the Forex markets returned on Friday after a somewhat quiet week. Throughout the week, the volatility was concentrated on a few currencies, but on Friday it was widely distributed in all the major currencies, especially the U.S. Dollar. However, a solid jobs report allowed the dollar to recover on Friday.

In the week ahead, the economic calendar sees a trade focus, with the UK, French, and German trade data all released throughout the week, Also, investors will be looking ahead to Friday's U.S. inflation figures to gauge whether the economy is strong enough for the Fed to stick to its planned tightening path. 

03/ 08/ 2017

The Super Thursday

EUR/USD pair was volatile on Wednesday but has ended up back in the middle of the day’s range leaving the outlook largely unchanged. Having traded above EUR/USD 1.180 for much of the day, the Euro briefly eventually spiked up to 1.1909 after the release of the soft US jobs data but has since slipped back to close the day at 1.1850.

Today brings us many important reports from Euro Zone, UK and US. BOE will have their Interest Rate decision while this will be followed by a Speech from Carney. It would be interesting to see if Today’s Jobs report would provide any support to Dollar as investors will be looking forward to Fridays Nonfarm Payroll report.

02/ 08/ 2017

Euro Still Dominating the Markets

Tuesday rolled out in favor of Euro as expected as it it maintained it's gains. With the release of mixed data from both Euro zone and USA, meant that there would not be much movement in the market to interest the investors. However Dollar did stage a small comeback, as there was a brief pause in Dollar selling as Markets are looking forward for Fridays US Employment Reports.

Today seems a quite day with only ECB monetary policy meeting happening which would not release any news to the market until next week. Dollar would hope ADP Employment Report which will be released in the evening will provide some support for it.

01/ 08/ 2017

Another Day another Loss for the Dollar

The glory days are far behind US Dollar, as there was a broad-based dollar sell off on Monday evening with the news of Trump removing his Communications Director while US-German 1- year yields improved. Even though US housing data suggested the housing market is improving, the data did not support the weakening dollar.

Today brings us reports from Euro Zone and USA. Markets will be keeping a close eye on US Data to see if positive figures can drag the momentum of the dollar counterparts, specially Euro which is in its highest level in 2 ½ years.