06/ 11/ 2016

Week Ahead | Dollar Lives or Dies by US Election

The Most Anticipated event is US Elections since the next State Head in office will determine the Financial stability of the economy and future international trade sentiments among all countries.

03/ 11/ 2016

All Eyes on Carney

As the dust settles from the Fed’s rate decision, the Bank of England will decide their rate decision and monetary policy summary today.  The concerns on the pound dropping to 31 year lows against the dollar and 5 year lows against the Euro. The head of the Bank of England, Mark Carney, did expressed last week again that they may need to intervene to help support the weakened pound as the uncertainty of Brexit remains. 

02/ 11/ 2016

Big Day - FOMC Rate Decision

The greenback remains under pressure, with latest US election polls adding to weakness as Clinton's advantage over Trump seems to have been drastically reduced after the FBI re opened investigations over Clinton’s email. Euro Appreciated, hitting a fresh 3-week highs above EUR/AED 4.06  amid broad USD weakness. This meant that EUR/AED has climbed up more than 0.67%.

01/ 11/ 2016

Investors focus on US ISM Data

Later hours of yesterday evening, we saw an upbeat in the EURO and GBP across the board. This was mainly due to the mixed bag of data released from USA. Positive reports from Mortgage Approvals from UK significantly played a role in gradually increasing GPB  during the course of the day.