19/ 02/ 2019

Trade Talks Set to Resume: Progress or No Progress?

The dollar was steady against its peers today, lacking strong direction as U.S. markets were shut for a holiday the previous day, while the euro’s latest bounce faded as the focus drifted back to the economy and European Central Bank policy. The dollar, the world’s most liquid currency, has tended to perform well during bouts of investor nervousness. “The euro’s latest bounce was not based a positive incentive specific to the currency and the market will likely return to pricing in the potential negatives. The euro will remain on a shaky footing stated by Global Market Strategists

Both Euro & GBP will face some tests later this week, including UK job data, German ZEW and IFO, ECB accounts and Eurozone PMIs. Outlook for German economy is not too upbeat.

Looking ahead, with the economic data to be released from UK and Europe, sentiment towards the U.S – China trade talks and Brexit chatter will influence risk sentiment that is to be monitored through the day.

18/ 02/ 2019

Week Ahead | Brexit, PMI Numbers and Trade Talks in Focus

The dollar fell versus a basket of its peers today as rising expectations of a U.S.-Sino trade deal led investors to shift away from the safety of the greenback into riskier assets. Both the United States and China reported progress in five days of negotiations in Beijing last week, although the White House said much work remains to be done to force changes in Chinese trade behavior.

Looking ahead, this week focus will be around US FOMC minutes & economic data being released from European Union, UK & US. Trade talks are due to resume as investors hope for an end to the trade war between the world’s two largest economies.

14/ 02/ 2019

Dollar paces through with Strong CPI Data against Rival Currencies

The dollar held near three-month highs versus the euro on Wednesday late session supported by sustained strength in core U.S. inflation and weaker-than-expected data out of Europe.

While headline U.S. inflation logged its weakest pace in 1-1/2-years in January, traders focused on the core price gauge, which was up for the third straight month, giving the dollar some impetus.

The greenback was hit earlier this year by the Federal Reserve’ shift to a cautious policy stance. However, the latest data suggests the central bank will need to stay vigilant on pricing pressures even as it adjusts to heightened growth risks.

“The trend in core U.S. inflation remains steady, against some concerns of a potential decline.

Today’s focus will be around Euro GDP & US Retail Sales.

04/ 02/ 2019

Delma Exchange Partners With Telephony Communication Technologies to Deploy Avaya IP Telephony

Delma Exchange, a UAE based global currency exchange has partnered with Telephony Communications Technologies to deploy Avaya IP Telephony Solutions across its network of offices and exchanges in the UAE and other branches internationally. The implementation will help Delma Exchange enrich its communications experience for customers and will lay the foundation for future upgrades.

“Improving the happiness index and level of service satisfaction for our customers is the core of our mission. Speed and efficiency of communications is crucial ensure satisfied customers, and to allow them to transact with dedicated dealers and currency experts without delay,” said Zahir Moghal, CEO, Delma Exchange. “The shift from the conventional EPABX systems to IP Telephony helps create a starting point for personalization of our communications services and to help connect better with our customers. At the same time, it is important that our employees are immediately available for our customers to keep track of the rapid changes in currency exchange rates. Collaboration between our branches is important for us to ensure smooth transactions. IP Telephony helps us overcome these challenges and provides cost optimized solutions that align with our business objectives.”

“As a long-term partner for Delma Exchange, we were confident of meeting their expectations to align with their business objectives and IT infrastructure projects,” said Shefiq Abdulla, COO, Telephony Communication Technologies. “We were able to help them identify the products most compatible to their requirements and deployed the solution on time to ensure that their entire operations run smoothly and with minimal impact on business continuity.”