The week commences with a speech from ECB’s Mario Draghi which is most like to cause some volatility in the FX market as investors and press will be looking for fresh impetus.USD is likely to remain underpinned in the day ahead as the US treasury yields continue to extend its weakness across the curve, which will eventually keep a check on the USD’s recovery.
News
Keep up to date with our financial news from around the globe.
Here is an example of how we helped one of our clients.
28/ 11/ 2016
Draghi to guide EUR
27/ 11/ 2016
Week Ahead | Watch out for US Non-farm Payrolls
Last week market action was interrupted by various holidays around the world but overall the U.S. dollar continued to rebuild the momentum it had after the elections. The minutes from the U.S. Federal Reserve meeting in November sent a strong signal about a December rate hike.
This friday one of the biggest economic indicators in the USA, Non-farm payrolls will be released and this will be in the investor's calendars given its impact to different asset classes. Plus this is also subject to strong reviews in the upcoming months, and those reviews also tend to trigger volatility in the forex market.
24/ 11/ 2016
The next vote that could shake Europe - ITALEXIT
Assuming this week ends with a whimper and not a bang, everyone will be re-trenching ahead of next week's referendum in Italy on Dec 4, followed by ECB policy meeting on December 8. The vote is widely seen as determining Italian Prime Minister Renzi's political fate, and he may resign if a "no" vote prevails. Opinion polls show most Italians opposing the proposed constitutional changes, which economists say Italy desperately needs if it's going to streamline its government and spark growth.
23/ 11/ 2016
US Dollar awaits for FOMC Minutes
It was another quiet day for EUR/AED as it was showing little movement on Tuesday, following strong gains in the Monday session. On Tuesday, EUR/AED was trading at 3.901. There was good news out of the UK, as the public sector net debt narrowed to GBP 4.3 billion in October, beating the estimate of GBP 5.9 billion.
Today is a major day in terms of top tier data coming from Euro Zone and USA. Germany and Euro Zone will release reports on Markit PMI composit, Markit service PMI and Markit manufacturing PMI for the month of Nov. The day will end with US FOMC minutes report.
Corporate clients
Whatever your foreign exchange needs, we offer a range of products and services to manage your foreign currency requirements. Whether you need Spot or Forward contracts, Market Orders or FX Options, one of our expert dealers can help.
Private clients
We offer personal foreign exchange services to private clients from all over the world. From buying a home overseas, to sending salary payments home, to managing personal international investments our experienced team can help.
Retail clients
Local currency exchange services and international money transfers can be made quickly and easily at our chain of retail stores. Efficient, convenient and great value service from our expert team.
