18/ 04/ 2019

The Return to Glory | Will you or won’t you?

Sheer will, perseverance, hard work and an uncompromising belief in oneself is a combination to produce miracles!  Tiger Woods wins The Masters!  His first major in 11 years and 14 years since his last Masters victory. This is one of if not the greatest sporting comebacks in history.  Two years ago even his supporters, contemporaries, sports experts had written him off as a finished professional golfer and who would never win any tournament let alone another major. He was arrested for drunken driving, personal life in a shambles and his whole reputation lost resulting in sponsors deserting him.  Tiger is the idol of most of the younger players on the tour when they where growing up and had discounted him as a contender in any tournament.  It’s all about will! Will you or won’t you? Tiger will and did!

18/ 04/ 2019

Euro Steadies against Dollar deriving support from Strong Chinese Economy

The euro was steady earlier today after evidence of strength in China improved the outlook for the global economy, with the market looking next to European indicators to provide the currency with a further boost. “A recovering Chinese economy is also good news for the German economy, and thus positive for the euro,” stated by many Wall Street Strategists. “Data from China cleared the way for the euro, which needs follow through support in the form of strong euro zone indicators,” On the other hand, sterling struggled to make much headway on Wednesday after data showed British prices rose slightly slower than expected in March, easing the pressure on the Bank of England to tighten monetary policy.

Looking ahead of the day, markets will be only reacting to economic data such as Germany Markit Manufacturing & PMI Composite & US Retail Sales to be released later today, since tomorrow will be a quiet day due to Good Friday observed in many countries. 

17/ 04/ 2019

Dollar Outshines Rivals on ECB Dovish stance & Brexit News

The euro slipped lower against the U.S. dollar on Tuesday, after report showed that some European Central Bank policymakers think the bank’s economic projections are too optimistic. Several ECB policymakers said the bank's economic projections are too rosy as weak growth in China and trade tensions linger. Sterling pound stumbled against dollar yesterday after a newspaper report showed that, Brexit talks between Prime Minister Theresa May's government and the opposition Labour Party were stalling, but moves were broadly contained in a market lacking fresh triggers. The report was subsequently dismissed by a Labour Party spokesman, but the pound held near the day's lows despite robust jobs data.

Despite the weakening across the board on US rivals, Europe, China vs. United Stated of America trade war signs causes investors to fear that could kick start a global breakdown of major economies, focus will be on Dollar with GBP Consumer Price Index & Euro Consumer Price Index.

14/ 04/ 2019

Week Ahead | Will it be Calm after the Storm?

The Euro rose against dollar on Friday, in a move dealers said may have been driven by anticipated currency demand arising from a Japanese bank's plans to purchase a German multi-billion dollar aviation finance business. Sterling strengthened against the dollar, as the immediate risks around Brexit receded after the postponement of the departure date and as the dollar suffered a broad selloff, although collapsing volatility signaled a reluctance to bet big. European Union leaders this week agreed to an up to six-month delay to Brexit, removing the imminent threat of a no-deal exit but also leaving the likelihood of months of political uncertainty in the United Kingdom.

A busy week saw Brexit delayed to Halloween and the ECB and the Fed remaining cautious.  The upcoming week features Chinese GDP, US retail sales. and lots of UK data that could have an impact after Brexit was delayed.