21/ 03/ 2017

Dollar dips to 6-week low

Politics took center stage on a quiet Monday, where “Emmanuel Macron” won the First French presidential debate by beating far right candidate “Le Pen” by a huge margin which helped EUR to maintain it’s positive stance.

In UK, the government has confirmed that Article 50 will be triggered on Wednesday 29th March and will leave the EU, with or without a trade deal, at the end of March 2019. The dollar dipped to a six-week low against a basket of currencies on Monday, extending weakness from last week Rate Hike amidst hawkish comments from two Fed Members.

19/ 03/ 2017

Week Ahead | Can Dollar regain It's Pride?

Last week US Dollar slumped to a one month’s low against major currencies across the board after the Fed hiked rates for the third time since the financial crisis but lacked upgrades to the economic projections. The disappointment was felt across the financial markets as the dollar was sold-off as an immediate reaction to the announcement.

In the Netherlands, the Anti EU candidate failed to come on top, assisting the euro, while the hawkish outlook by the BOE boosted the British pound. Even though this week looks a bit dull in terms of economic data, markets will be looking forward to UK inflation data, Yellen’s speech and US Durable goods orders. 

16/ 03/ 2017

Fed Delivered but Dollar Struggles

Dollar fell to a one months low against major rivals after the most anticipated Fed Rate Hike. Investors completely ignored the rate hike, instead focussed on Fed President Neel Kashkari's dissent as he preferred to leave the rates unchanged at this point. 

After the rate hike, Yellen spoke positive about the labor market and business sentiment, however she felt that not much had changed since December. The disappointment was felt across the financial markets as the dollar was sold-off as an immediate reaction to the announcement.

15/ 03/ 2017

Fed Wednesday

Sterling fell sharply yesterday following yesterday’s developments as the Scottish referendum adds a new layer of uncertainty for the UK’s future path. GBP/AED dropped to an 8-week low of 4.447.

Markets have finally shifted their attention away from President Trump, with today’s highly anticipated Federal Reserve monetary policy meeting taking center stage. There are 4 ways the Fed can move the markets today. And that will be by way of; Interest Rate decision, Economic Projections, Fed's Monetary Policy Statement and Yellen’s Press conference.