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mask Theresa Pulls out to avoid Disappointment! Focus shifts to Economic Reports

11/ 12/ 2018

Theresa Pulls out to avoid Disappointment! Focus shifts to Economic Reports

The common currency Euro remains weak on signs of economic growth slow down. For GBP there’s Brexit trauma following Theresa May’s decision on Monday to pull the plug on today’s parliamentary vote postponed left the door open to a disorderly Brexit with no deal, a last-minute deal or another EU referendum. Meanwhile Brexit and U.S – China trade chatter will be in focus for this week but there will be Average Hourly earnings report & Germany ZEW Economic Survey which will be the highlight for today.

Widening interest rate differentials between the United States and the rest of the world, driven by a confident U.S. Federal Reserve, has fueled an unlikely dollar rally this year. However, weak data in recent weeks has clouded the currency’s prospects for next year

mask Week Ahead | Dollar slides as U.S. Job Data turns negative & Jerome Powell take Center Stage

10/ 12/ 2018

Week Ahead | Dollar slides as U.S. Job Data turns negative & Jerome Powell take Center Stage

The common currency remains weak on signs economic growth continues slowing. This week is meant to start slow for the EUR/USD pair, with little macroeconomic data scheduled for Monday and the attention centered in the UK, as the Parliament will vote Tuesday PM May's plan on Brexit. Meanwhile, trade tensions between the US and China will also be in focus.

UK is having quite a busy macroeconomic calendar also, starting Monday with October Industrial Production, Trade Balance and monthly GDP.

mask Mixed Dollar results, Markets anticipate Bullish Comments from Powell

06/ 12/ 2018

Mixed Dollar results, Markets anticipate Bullish Comments from Powell

Common currency Euro was little unchanged on Wednesday for a third consecutive day, as market players are still trying to define where to go next after last week Fed-related headlines.

The Euro, on the other hand, is suffering from its self-woes, undermined by the Italian budget issues, signs of slowing growth, and a central bank that does not have much room to move. The GBP recovered some ground after hitting Week low, Market players are turning more cautious ahead of the Parliamentary Brexit vote that will take place next Tuesday.

Tariff-driven price increases have spread more broadly through the U.S. economy, though on balance inflation has risen at a modest pace in most parts of the country, the Federal Reserve said on Wednesday in its latest report on the economy.

Today focus of the markets will shift back to US Economy and Fed Powell’s Speech today Evening US Session.

mask Brexit Keeping Pound Extremely Volatile and Draghi on the Spotlight

05/ 12/ 2018

Brexit Keeping Pound Extremely Volatile and Draghi on the Spotlight

The Euro traded high on Tuesday against the Dollar although once again, it was unable to hold on to gains turning negative for the day in the US Trading Hours

President Trump's confident tweet about trade talks going underway, boosted the Dollar. Early London, the ECJ General Advocate published an opinion in which he said that the UK could individually revoke Brexit, spurring demand for Sterling, later reversed by dollar's strength and a statement from May's spokesman, saying that the government is not planning to cancel Brexit. 

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