28/ 03/ 2017

Will Yellen make it or break it?

The greenback had taken a beating as market participants saw the prospects for a U.S. fiscal spending boost from President Donald Trump significantly diminished by his failure to pass a key healthcare reform bill.

Today’s focus will be on US Consumer Confidence data and on later in the day there will be several speeches made by FED and FOMC members. Most importantly as investors will be focusing on what Yellen has to say on the speech, if she makes any positive comments on the outlook of the US economy there is a high chance of USD appreciating.

26/ 03/ 2017

Week Ahead | Triggering Article 50

Last week, US dollar struggled amid further Fed fallouts and the closely watched Healthcare bill vote in Congress which lacked support from Republicans to pass the bill into law.

Most currencies appreciated against USD as US jobless claims and durable goods figures fell short of expectations. While in Europe and UK there were signs of improvements in economic activities and consumer confidence.

This week will feature a light economic data calendar with the major highlight being the article 50 notification by the UK which is due on Wednesday. Furthermore, Euro Inflation data could determine whether EUR/AED will reach above 4.00 while latest GDP stats from the US and UK will be important for confidence in global growth.

23/ 03/ 2017

Yellen to the Rescue?

Pound and Euro had a roller-coaster type of a day as both had to shed some of its positive gains during the early US session. Despite a terror attack in front of UK House of Parliament yesterday, Pound managed to hold on to its gains from Tuesdays positive momentum largely thanks to positive inflation data. 

Today's focus will be on the all-important speech from Fed President Janet Yellen. Investors will be keeping their fingers on Buy and Sell buttons and make decisions depending on how her tone sets out to be as she's on a mission to rescue the weakening dollar. 

22/ 03/ 2017

Pound Outperforms EUR and USD

Sterling outperformed rest of the currencies as UK inflation figures surpassed Bank of England’s 2% Target for the first time since the end of 2013.

It was announced yesterday that; European Council will meet on April 29 to agree their negotiating lines for Brexit talks after London sends in a formal notification that it wants to leave the EU.