Trump, the Healthcare Bill and the Dollar in Focus
The Dollar managed to close out the day in positive territory on Thursday, the delay in the healthcare repeal vote having been a major consideration for the markets, with the U.S President failing to get the necessary support from House Republicans, the conservatives continuing to oppose the Bill through the day. The failure in getting … Continue reading Trump, the Healthcare Bill and the Dollar in Focus
Is the Trump Bubble About to Pop – Ask the Dollar Bulls
It’s another horror show for the Dollar through the Asian session today, the Dollar Spot Index hitting an intraday low of 99.62 ahead of the European open with any attempts of a recovery stalling. The market’s impatience over the U.S administration’s delay in rolling out tax reforms and a fiscal stimulus package has now added … Continue reading Is the Trump Bubble About to Pop – Ask the Dollar Bulls
The Pound on the Rise – UK Inflation and Carney in Focus
The Dollar saw red again through the Asian session today, with the Dollar Spot Index falling 0.33% to an intraday low of 100.08 ahead of the European open, the markets having little impetus to go in with the U.S administration continuing to hold back on any announcement on policies. FOMC Voting member Evans spoke on … Continue reading The Pound on the Rise – UK Inflation and Carney in Focus
Market Snapshot – Gold, Global Stocks Soar on Dovish Fed and Dutch Election Results
Gold and Silver Rally after Dovish Fed Hike Gold prices shot through the roof yesterday and today following the disappointing statement from the Fed which failed to give any specific timeline for the next hike. The Fed’s announcement was interpreted as being bearish for the dollar which was sold across the board. In reaction, investors seek safe … Continue reading Market Snapshot – Gold, Global Stocks Soar on Dovish Fed and Dutch Election Results
The FED, the Dutch, the BoE and the Pound
Dollar weakness continued through the Asian session today, the markets continuing to respond FOMC’s economic projections, the disappointment of the decision to leave the rate path and economic growth forecasts unchanged. The FED There had been hopes of a more hawkish FOMC, but with the uncertainty over Trump policies that had held the FED in … Continue reading The FED, the Dutch, the BoE and the Pound
Why the US Dollar Falls after Fed’s Rate Hike?
Immediately after the interest rate decision was released, the US Dollar tumbled and US stocks soared. Sounds weird to you? Currently, It’s seems as if markets push the dollar down in any economic result. obviously, markets priced in the expected rate hike, however, the US dollar leads the race before other currencies to higher interest rates. I … Continue reading Why the US Dollar Falls after Fed’s Rate Hike?
Wilders and the EUR, FOMC and Brexit in Focus
It’s a busy day ahead for the markets and the element of surprise will leave the markets hanging for the outcomes of the Dutch election and the FOMC interest rate decision and release of the FOMC’s economic projections this evening. The Dutch elections underway today in the Netherlands will have the markets keeping an eye … Continue reading Wilders and the EUR, FOMC and Brexit in Focus
Market Snapshot – Pound Falls, Markets Await Fed Meeting and Dutch Elections
Pound Falls to Eight Week Low as UK Parliament Passes Brexit Bill Cable dropped to a fresh eight-week low following the House of Commons rejection of a proposed amendment to the Brexit bill that would have forced the government to seek parliamentary approval if the UK is forced to leave the EU without a new … Continue reading Market Snapshot – Pound Falls, Markets Await Fed Meeting and Dutch Elections
Dutch Elections in The Shadow of Turkish Comments War
As Netherlands is about to start its race to the prime minister seat on Wednesday, Turkey declared comments war on Netherlands. The stretches broke out last week when the Turkish president lashed out at Germans describing them by “the Nazis”. That came after German authorities decision to cancel pro-Turkish government rallies. These rallies were scheduled … Continue reading Dutch Elections in The Shadow of Turkish Comments War
Dollar Strength and a Pound Sell-Off
Another flat start to the day for the markets going into the European session. There have been very few drivers at the start of the week to incentivise the markets ahead of tomorrow’s FOMC interest rate decision and, more importantly, economic projections. The material shift in FOMC member sentiment towards policy was particularly telling ahead … Continue reading Dollar Strength and a Pound Sell-Off
Article 50 and the Pound, with an Eye on the Dutch Election and the EUR
While the week ahead is a particularly busy one with the FED, the BoJ, the BoE and the SNB convening and announcing monetary policy decisions in the 2nd half of the week, the day ahead is a particularly quiet one from a macroeconomic data perspective, the only material events on the economic calendar being speeches … Continue reading Article 50 and the Pound, with an Eye on the Dutch Election and the EUR
U.S. Job Numbers Good Enough for Rate Hike Next Week
Increased volume and volatility returned to the financial markets on Friday with the release of the February U.S. Non-Farm Payrolls report. The headline number showed employers added 235,000 jobs last month, beating expectations of 200,000. The unemployment rate inched lower to 4.7%, in line with expectations. The report was deemed solid, but disappointing because it … Continue reading U.S. Job Numbers Good Enough for Rate Hike Next Week
The Effect of US Presidents on EUR/USD Movement
Whatever asset you decide to trade, the first lesson your mentor will teach you is to ‘look at the EURO DOLLAR long term trend’. Traders persistently try to predict the EUR/USD long term movements, ending up into circles. The frequent question being asked by all financial data providers at the start of every year – … Continue reading The Effect of US Presidents on EUR/USD Movement
Nonfarm Payrolls – Will the Dollar Bounce?
Its nonfarm payrolls and the markets have been waiting for today’s stats for a week now, FOMC voting members having laid the groundwork for a rate hike by the FED at next week’s FOMC meeting. The probability of a March hike currently sits at 86%, a slight uptick coming off the back of Wednesday’s release … Continue reading Nonfarm Payrolls – Will the Dollar Bounce?
U.S. Stocks Finish Mixed Ahead of Non-Farm Payrolls
The major U.S. equity indexes closed mixed on Thursday and for the most part traded flat as investors prepared for key employment data from the government. The blue chip Dow was up 2.46, led by Johnson & Johnson. The benchmark S&P 500 closed up 1.89, pressure mostly by the healthcare sector. The tech-based NASDAQ Composite … Continue reading U.S. Stocks Finish Mixed Ahead of Non-Farm Payrolls
Market Snapshot – ECB Leaves Policy Unchanged, Crude Oil Below $50
ECB Leaves Interest Rate Unchanged, Cuts QE to €60B ECB left its interest rate policy unchanged confirmed the QE schedule through to the end of the year, which cuts back monthly purchase volumes to EUR 60 billion starting next month, but also repeated that QE purchase volumes can still be lifted if necessary. There was change … Continue reading Market Snapshot – ECB Leaves Policy Unchanged, Crude Oil Below $50
The ECB Interest Rate Decision and Press Conference
The ECB left interest and deposit facility rates unchanged today, in line with market expectations, whilst the EUR-USD eased from $1.05612 to $1.05577 upon the announcement, any upside for the EUR upon expectations of a shift to normalization easing ahead of the ECB press conference. The ECB also maintained its position on the asset purchase … Continue reading The ECB Interest Rate Decision and Press Conference
The ECB and the EUR, the Dollar and the FED
So, with February’s ADP nonfarm employment change figures coming in well ahead of expectations on Wednesday, the probability of a rate hike by the FED next week has inched up to 86% ahead of tomorrow’s government figures for nonfarm payrolls and wage growth, though the markets have yet to fully price in a rate hike … Continue reading The ECB and the EUR, the Dollar and the FED
How The Markets Will React to The Next NFP Report?
US Politics Confusing The Markets It is not a secret that since Trump inauguration, the markets are facing big turmoil. Unrevealed tax plan, consecutive executive orders, Fed – White house foreseeable conflict and fears surrounding European elections, are all fundamental factors causing the markets a lot of disturbance. Number of FOMC participants’ assessing uncertainty and … Continue reading How The Markets Will React to The Next NFP Report?
It’s The Day of The EUR
The Dollar recovery was complete through the European and U.S session on Monday, losses through the Asian session having rebounded, though the better than forecasted increase in factory orders had little to do with the gains. With the Dollar seeing yet another Asian session end in the red today, the day ahead will likely be … Continue reading It’s The Day of The EUR