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mask Dollar Strengthen on Fed Minutes & EU Brexit Summit winds up today

18/ 10/ 2018

Dollar Strengthen on Fed Minutes & EU Brexit Summit winds up today

Euro & GBP both declined against the Dollar on largely towards the FED Minutes released yesterday but there were few other reasons for the stronger dollar movement. Looking at the conomical data out-front Euro Consumer Price Index & GBP Consumer Price Index came negative resulting further boost to the Dollar strengthening. Also, Geo-Political tensions yet unresolved among Irish & UK Border, Sterling lost ground majorly on the back drop of EU Brexit Summit yet not indicating a clear future outlook of their Trade Arrangements with UK.

Today’s focus will be around US Jobless Claims reports but majorly the Geo-Political tensions is yet a mother of all evils in uncertainty globally. With EU Brexit Summit coming to an end we will be given a clear indication on their future projections for both UK & EU.

mask Markets Embraces for EU Brexit Summit & US FOMC Minutes

17/ 10/ 2018

Markets Embraces for EU Brexit Summit & US FOMC Minutes

USD consolidates against most of its major peers yesterday as stock gains  defensive as rising geo-political tension among Saudi & Western Power. Euro did not move much against the Dollar due to negative reports from ZEW Surveys  which lead the market to less fluctuations and more in cautious state. Sterling gains on labor data, but investors said doubts about a European Union summit yielding much progress on Brexit would limit the currency’s advance.

Markets are constantly under pressure of uncertainty due to the political tensions between Trump, China & his Foreign Policies. Through these last few days, data has been quite encouraging in the US, while the one coming from the European Union suggest that the economic impulse seen through 2017 has reached a peak, and begun decelerating.

Looking ahead, while we can expect some focus on the FOMC minutes, it’s all about the GBP and the EUR today, the EU Summit putting Brexit and Italy in focus.

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