11/ 10/ 2016

US hike possible in December

US Non-Farm Payroll reports came out negative as they believe that even with negative number for the US, the Fed will still proceed with a rate hike this December. 

10/ 10/ 2016

The week ahead | Investors still reacting to GBP “flash crash”

This week will start with a calm day occupied by mid-tier reports. The day kicks off with the Trade Balance reports from Britain that turned out negative which would gain momentum even further as investors are still reacting to the “flash crash” that took place on Friday due to the statement released by the French PM Hollande. Switzerland will be releasing unemployment rates reports that indicates the expansion of the Swiss economy. Finally we have reports flooding in from Germany with Imports, Exports and Trade Balance that will be focusing on the overall trade environment of Germany which would affect the EUR/AED. 

07/ 10/ 2016

The collapse of Sterling

The Bank of England are said to be investigating a dramatic collapse in Sterling at the open of Asian Markets this Friday morning. GBP/AED traded to as low as 4.3878 for about four minutes and GBP/EUR to 1.0600 (and there is talk of the market actually trading lower).

If you haven't already, please contact your dealer today to find out how this could impact your business. 

For more information, please email info@delma-exchange.com

06/ 10/ 2016

Dollar standing tall as the markets brace for Friday's jobs report

The dollar stood tall after the market opened todayin the Asian market and was steady against other rivals ahead of this week's US nonfarm payrolls report that could reinforce expectations that the U.S. Federal Reserve will hike interest rates by December.