09/ 04/ 2017

Week Ahead | Markets eyeing on Dollar Strength

Eventually, the US dollar emerged as the winner by the end of last week. The question now is whether this indicates the beginning of a trend. Even though US Nonfarm payrolls disappointed the markets with worse than expected figures, The Dollar rose back following positive statements from New York Fed President William Dudley.  After his speech 10 years Treasury yields leaped to 2.38% to end the day up by 1.7%.

Some of the key activities scheduled for this week includes a speech by Janet Yellen, rate decision in Canada, US inflation data, Australian employment data and US retail sales data. Markets will be looking forward to US data to understand if there’s an upward trend for US dollar. 

06/ 04/ 2017

Dollar Shed Its Gains, NFP Eyed

Dollar had to give away its gains as negative economic reports and a less hawkish FOMC minutes meant that This Week’s Dollar gains were short term. However, Fridays US Job Reports should give us a clear indication as to how Dollar will behave in the coming weeks prior to French election on Apr 23rd.

It will be interesting to see how Investors will react to US President Trump and Chinese President Xi Jinping Meeting, which will happen later today while US Initial Jobless claims will be released prior to this.

05/ 04/ 2017

Dollar Still going strong, US Data & FOMC Minutes eyed

US Dollar Continued to strengthen as it dominated most of the trading sessions on Tuesday. Better than expected US data helped Dollar to maintain its strong position against its rivals.

Today ISM Non-Manufacturing PMI & ADP Employment Change data along with minutes of March’s FOMC meeting will be released. These reports will be closely-scrutinized by the markets in attempts to glean more clues about the Fed’s outlook for the economy and interest rates going forward.

04/ 04/ 2017

Dollar starts the week Positive

US Dollar had a strong start to the week as it dominated most of the trading sessions on Monday. Disappointing figures from Euro zone and UK did not support the already slumping EUR and Pound.

Today markets will be keeping an eye on US Factory orders and Trade Balance reports to get an insight in to inflation and growth in the US manufacturing sector before the all-important Non-Farm payrolls report scheduled for Friday.