02/ 07/ 2017

Week Ahead I Can the Dollar break its shackles?

Euro finally made a breakthrough and reached the highest levels in over a year. Draghi talked about reflation and a removal of stimulus, sending Euro to the highest in a year. BOE Governor, Carney also sounded optimistic and talked about removing stimulus which helped Pound to force a comeback against Dollar.

This week’s focus will be on the all-important Non-Farm payrolls as it would be interesting to see if positive data can turn the negative tide against the dollar. Furthermore, Dollar will be looking forward to a positive build up to NFP reports with the release of ISM Manufacturing, FOMC Minutes and ADP Employment Change reports from USA.

29/ 06/ 2017

Central Banks Turn the Corner, Leaving the USD in their Wake

In a week with little heavy hitting economic releases the major currencies were driven by the Central Banks. Led by central bankers in the EU, UK and Canada, the hawkish tone across these regions signals the potential wind back of accommodative monetary support. Proving to be a catalyst in overnight markets, momentum really kicked off during the European trading session with ECB president Draghi delivering a speech with a mostly positive tone sending the Euro to a fresh 2017 high against the Greenback.

Markets now turn to economic data releases in the Germany, UK, EU and Japan.  On the other hand,  US will close out the week with GDP and Unemployment Claims later in the day.

28/ 06/ 2017

Draghi Hawkishness Helps Euro Skyrocket

The Forex market was in focus on Tuesday as volatility was driven by central banker speeches throughout the day.The Euro rose against the U.S. Dollar to a more than nine-month high on Tuesday, boosted by optimistic remarks by European Central Bank President Mario Draghi. Draghi doesnt spill many beans during his speeches but when he does, it is enough to rock the markets. There are many dull speeches interspersed with market changing ones. And the usually bearish Draghi has started being hawkish of late and this has helped the euro immensely.

Day will be filled with speeches again, as several central bank governors are heading to a joint meeting in Portugal. With so many policy makers in one place, some volatility could be expected, or at least it should make for interesting viewing.

27/ 06/ 2017

A Minefield of a Day with Draghi, Carney and Yellen Driving the EUR, GBP and USD

The Dollar managed to recover from its defensive mode from early in the European session on Monday, with the Index closing out the day in the black, as the markets shifted focus away from yet another set of dire stats to today’s likely comments from FED Chair Yellen, who has certainly managed to maintain her hawkishness, despite macroeconomic indicators suggestive of another weak quarter for the U.S economy.

Yellen’s not the only Central Bank head to be in the limelight today, with ECB President Draghi and BoE Governor Carney also scheduled to speak, which leaves the EUR and the pound on tender hooks alongside the Dollar though, with both Draghi and Carney scheduled to speak this morning, there’s not too long for the markets to wait, both having been particularly dovish of late, the only question being whether either have succumbed to the hawks in the last week or so.