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mask US Economic Data back at the Center Stage after quieter Trade Affairs between Trump & China

09/ 08/ 2018

US Economic Data back at the Center Stage after quieter Trade Affairs between Trump & China

The dollar has weakend since hitting a three week high on Monday, when the prospect of a full-blown trade war increased demand for the currency. After being under pressure during the first half of the day, dollar's weakness eased with US opening, the likelihood Britain crashes out of the European Union without a trade deal has increased, an outcome that would hurt an already weak pound, according to economists and foreign exchange strategists. Bank of England Governor Mark Carney said on Friday Britain faces an “uncomfortably high” risk of leaving the EU with no deal, while on Sunday trade minister Liam Fox put the odds of such an outcome at 60-40.

Looking ahead, trade war chatter remains in focus for the USD with Jobless Claims to be released later today. 

mask Euro Gains as Dollar Rally fades to stronger Chinese Data

08/ 08/ 2018

Euro Gains as Dollar Rally fades to stronger Chinese Data

The euro rose above 1.16 levels earlier today as the dollar’s recent ran out of steam, and traders said solid data out of China had calmed investors nerves about recent about US-China Trade Tensions. Hurting demand for the dollar.

Sterling slid to a nine-month low against the euro on Wednesday as investors sold the currency fearing Britain could soon leave the European Union without securing a trade deal.

But market is expecting another three rate hikes for 2018 from US Federal Reserve which could lead to a stronger dollar and weaker rivalries. Market is closely watched for hints from Trump's Offiice adminstration on further updates about Trade Tensions and US policies.

mask RBA Holds, with Focus Shifting to Stats out of Germany and the EUR

07/ 08/ 2018

RBA Holds, with Focus Shifting to Stats out of Germany and the EUR

The pound was fragile yesterday late sessions after failing to an 11-month low against the dollar overnight on worries over a “Hard Brexit” from the European Union, meanwhile, simmering U.S vs China trade tensions provided support to the greenback. Comments from officials about a no-deal Brexit stoked fears Britain would crash out of the EU New Year without securing a trade agreement. Analysts believe trade tensions supporting the dollar as the US conomy is better placed to handle protectionism than emerging markets, and as tariffs may narrow the U.S Trade Deficit. 

Euro did dropped to a five-week low level and was further weighed down by disappointing German Factory last week, today’s industrial production and trade figures could add more pressure on the EUR, with the RBA’s August interest rate decision and release of the rate statement also in focus through the morning.

mask Week Ahead | Inflation Numbers, Monetary Policy and Trade in Focus

06/ 08/ 2018

Week Ahead | Inflation Numbers, Monetary Policy and Trade in Focus

Friday did not show much improvement for the common currency or neither the bulls since both countries revealed their economic data was negative. Major movements was completely based on geo-political tensions on trade & political disputes and Euro had some huge movement and finished off with a weaker position than when started. Dollar on the other hand had boosts from their initial Jobless Claims and Continuing Jobless claims reports on Wednesday late US Session which showed significant growth over the quarters.More broadly, the Fed is well on course to raise rates in September while the European Central Bank is still cautious. The calendar is quite light

After a significantly busy week, things are understandably going to be quieter this week with two more central bank meetings to look forward to in the first half of the week and some rather important economic data at the end of the week.

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