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mask Political Chaos Taking Center Stage

26/ 09/ 2017

Political Chaos Taking Center Stage

Euro took a hit in yesterday’s trading session on the back of shocking German election results that adds chaos to the stable euro zone political environment. Although German Chancellor Angela Merkel is expected to form a coalition and remain in government, it is still unsure as to which party would support her to form the majority. Pound also suffered with news coming in from UK that Chancellor Philip Hammond refused to back Theresa May as Conservative leader into the next election after Moody's downgraded UK's debt rating on Brexit uncertainties.

Today’s Focus will on Key speeches from FED Members including Janet Yellen. Meanwhile ECB’s Chief economist Peter Praet is also scheduled to deliver a speech on monetary stimulation and euro zone inflation.

mask Week Ahead | US data and Fed speakers to dominate; limited risk seen from German elections

24/ 09/ 2017

Week Ahead | US data and Fed speakers to dominate; limited risk seen from German elections

On last Wednesday, The Federal Reserve announced the beginning of reducing its balance sheet, as expected. They also intend to raise rates in December and three times in 2018, something that caught the markets somewhat off guard and sent the dollar higher. Yellen and her colleagues see low inflation as a “mystery” but at least for now, see it as rising.Doubts over the chances of a hike eventually limited the dollar’s gains. In the UK, the pound slid on May’s speech but still looks strong on the prospects of a rate hike.The war of words around North Korea triggered only limited dips on USD/JPY.

This week’s focus will be on the outcome of German Election, US Durable Goods, US GDP figures and Euro zone inflation data.

 

mask Will Yellen Help or Hurt the Dollar?

20/ 09/ 2017

Will Yellen Help or Hurt the Dollar?

Euro continued its advance against other currencies while Pound was the worst performer of the day. Economic surveys from Euro zone suggests that economic confidence in the euro zone is strong with the German elections around the weekend. With everything going against it, the only thing that is positive for Dollar is the record breaking moves in U.S. stocks and a hope that the Fed could confirm its plan to raise interest rates one more time this year.

Today is an important day in the FED calendar as this event will move the market either way. The focus will be on what Yellen has to say about FED Balance sheet normalization, weak inflation and whether the Interest rate hike in December will happen or not. 

mask Markets on Wait and Watch Mode ahead of FED Event

19/ 09/ 2017

Markets on Wait and Watch Mode ahead of FED Event

The Dollar was the top performer yesterday with many geo political events supporting its advance against other currencies. Furthermore, US Treasury yields rose, on hopes the Fed will give some clues on how and when it will begin unwinding its balance sheet at tomorrows FED event.

Today is a calm day in terms of Economic data as we will only see 3 mid-tier reports from Euro zone and USA. Most markets will be on wait and watch mode ahead of Tomorrow’s Risk event.

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