18/ 06/ 2017

Week Ahead I Can the Dollar hold on to its gains?

The U.S. dollar gained some strength after the Fed announced a hawkish hike in interest rates. The Fed is likely to continue influencing the currencies as indicated by the speeches by top Fed officials. The Greenback managed to stay strong despite the announcement that Trump is to be investigated for obstruction of justice alleged against him. Meanwhile, the pound remained stable as three policymakers voted for an increase in interest rate.

The economic calendar this week holds no ‘high’ impact data events, but there are few speeches scheduled from top fed officials while US Housing data will be released on Friday.

15/ 06/ 2017

Federal Reserve Keeps Promise, Bank of England Today

The Federal Reserve delivered an interest rate hike as promised yesterday. Even though it is known that inflation is running well below its target, the new range will add .25% to the existing interest rate of 1%. Despite the surge in volatility in trading on the dollar and the financial markets in general, the breakdown of the bearish trend of the dollar has not happened yet, although the decision on the rate and the results of the Fed’s press conference were positively received by investors.

The UK will be back in focus again today as the Bank of England announces its latest monetary policy decision, amid all the political chaos following last week’s snap election result, and we’ll also get retail sales numbers for May.

14/ 06/ 2017

It’s FED Obsession Day with the Dollar in Focus

The USD picture is still enduring weakness as the market squares towards the FOMC meeting tonight where they are widely expected to deliver their second-rate hike for the year. With the rate hike now 96% priced in, focus will fall on the Fed’s forward guidance and most importantly their views surrounding low inflation and balance sheet reduction.

Toda's calendar is heavy with market movers that deserve a closer look. The highlight of the day will be the Fed's releasing its latest monetary policy statements. This release also includes the economic projections and a press conference moreover, markets are anticipating a rate hike despite the political turmoils.

13/ 06/ 2017

May and the FOMC driving the Dollar and the Pound

Monday was a light day in terms of Top Tier Data and The Pound clearly performed poorly by political uncertainty in the UK. Domestic worries are coupling with the upcoming Brexit negotiation, set to begin next week, with PM Theresa's still to form a government with the Northern Irish party. Her defeat in the latest election has arose speculation that the UK may have to choose a softer Brexit, although PM Davis reaffirmed earlier today the current stance favoring a hard one. The U.S Federal Reserve is also a dominant story, as it waits to unleash its Federal Funds Rate and Monetary Policy Statement on WednesdayThe U.S Dollar has essentially been in a consolidated mode against most major currencies as investor sentiment has grown weary.

But will become more interesting this Tuesday, multiple figures report coming from Germany.