24/ 10/ 2016

The week ahead | Eyes on Draghi

This week will be important in terms of economic data, as EU business surveys for October will come out, together with 3rd quarter growth figures from the US and the UK, and finally inflation data out of Australia and Japan.

Also keep an eye on Europe this week as ECB President Mario Draghi will give a speech on Tuesday. Draghi will speak on “Stability, Equality and Monetary Policy”, but given last week press conference, he may just repeat some of those comments.

20/ 10/ 2016

EUR awaits on ECB’s decision

The EUR/AED pair fell to its lowest since last July, trading at 4.0234 in the evening, and holding nearby till the end of the day.  The common currency remains vulnerable ahead of the upcoming ECB's economic meeting this Thursday.

19/ 10/ 2016

Sterling Gains Momentum

After many disappointing trading sessions for GBP over the past few months, GBP had a strong trading session yesterday against USD. GBP Consumer Price index rose by 1.0% in the year to September, the highest since November 2014. The YoY core figure was up to 1.5%, while monthly basis, inflation surged by 0.2%. The figures beat markets expectations, and suggest there's no need for further price easing in the UK.

18/ 10/ 2016

Dollar loses grounds after disappointing figures

Most of the major currencies gained some ground that was lost last week as the US came under pressure following a series of disappointing economic figures.