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22/ 12/ 2016
During the European Session, the EUR rebounded against the U.S. dollar yesterday. The currency pair spent most of the day above 1.04 thanks to better than expected European data.
We could see one final jolt of volatility with today’s revisions to third quarter GDP, initial jobless claims, durable goods, personal income and spending reports scheduled to release.
After that markets will be on full holiday mode until Tuesday when we could expect some additional action before year end.
21/ 12/ 2016
During the US market session, the EUR/USD pair trades at fresh 14 year lows yesterday, having extended its decline down to 1.0352 mainly due to the USD getting a helping hand from Federal Reserve Chair Janet Yellen comments on the US labor market , overall US Dollar Index reported a fresh 14-year high.
And there was some risk aversion after Turkey, Germany, and Switzerland were hit by terrorist strikes yesterday.
20/ 12/ 2016
Yesterday USD gained its momentum after the Federal Reserve Chairperson Janet Yellen’s Speech. Her speech stated that U.S. job market is strongest in nearly a decade and adds that indications in wage growth is picking up. This statement sent a positive confidence to the investors over USD, which resulted a boost in USD Dollar Index which in return caused downward pressure on rival currencies.
Todays highlight will be, Interest Rate Decision for japan followed by the press conference on monetary policy.
18/ 12/ 2016
Overall dollar trends will tend to dominate the market in the week ahead. The economic data overall will probably not have a decisive impact on sentiment as markets continued to digest events of the last six weeks.
There will be a sharp decline in liquidity ahead of the Christmas and New Year holiday period, which will increase the risk of erratic and choppy trading conditions.
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