18/ 01/ 2017

Trump Deflates USD Ahead of Inflation Data

President-elect Trump could not wait for after his inauguration and gave an interview to the Wall Street Journal where he said the American currency was “too strong”. The USD has lost close to 1% versus major rivals since the interview was published yesterday morning.

UK Prime Minister Theresa May and the Sterling stole the show this Tuesday, by confirming the UK is ready to go for a hard Brexit. Her wording helped to ease near-term concerns over a hard-Brexit, but indeed it will be a bumpy road ahead. Her comments sent GBP 2.8% up for the first time since 2008.

17/ 01/ 2017

The Pound to get Pounded?

Early morning yesterday, we saw GBP/AED reaching lows of 4.40 ahead of UK PM’s Theresa May's speech on Tuesday. In Mark Carneys speech yesterday, he mentioned that UK economic growth will take a hit in the coming years as the Brexit-hit pound begins to weigh on wages and consumer spending. 

The Major event for today will be the speech by UK Prime Minister Theresa May. The UK Press has outlined 12 key points on which PM May will hold her speech on Brexit, signaling that the UK will not have "partial" membership of the EU "that leaves us half-in, half-out." Her comments pointing towards a Hard-Brexit will pose a big economic slowdown threat for the UK economy and hence, will heavily weigh on the pound.

15/ 01/ 2017

Week Ahead | Dollar awaits support from US Inflation data

The dollar was under pressure in a turbulent week that saw President-Elect Trump’s press conference before he takes office on 20th January. In addition, there will be speeches from Mark Carney and Janet Yellen.

Addition to that there will be Inflation data from USA and UK, Employment data from UK and Australia. Furthermore investors will be looking forward to rate decisions in Canada and the euro-zone. 

12/ 01/ 2017

Dollar Trumped

Yesterdays focus was the 1st Official news conference by Trump to find clues on future Economy of US and its Fiscal Outlooks for this year.

EUR/AED dropped all the way up to 3.84 last night in the initial hours before the conference on anticipation over the Future Economic Policies & Strategies by Trump. But investors were disappointed by Trumps Rhetoric Style Hype which got him into the Seat in the first place. Nothing significantly important was discussed other than building a wall & it’s all going to be great. EUR/AED spiked all the way from 3.84 to 3.90 and then gradually paced through the night.