09/ 01/ 2019

Trumponomics causes Dollar weakness, focus shifts to FOMC

Commodity –linked currencies such as the Australian dollar and the Canadian dollar rose earlier today, helped by a rise in oil prices and growing optimism that China and the United States may be inching toward a trade deal.

News that the two sides had agreed to extend trade talks in Beijing for an unscheduled third day on Wednesday boosted oil prices.

European Business Climate resulted negative indicating a slower economic conditions for business thriving in the last quarter in Europe.

Trump remains same on his demands on National Media Statement few hours ago and he also stated that he will need a reply as soon as possible from the Congress due to National Security for United States of America.

Markets highly anticipate for FOMC minutes to be released today along with GBP Bank of Governor Mark Carney’s speech.

08/ 01/ 2019

Fed drifts away on Expectation of Rate Hikes

Euro strengthened against dollar on Monday, as Dollar was pressured by growing expectations the U.S. Federal Reserve will either pause or halt its interest rate hike cycle.

Sterling Pound rose to a one-week high against dollar on Monday, as traders prepared for Britain's parliament to reconvene this week and debate Prime Minister Theresa May's Brexit withdrawal agreement.

Britain’s Prime Minister Theresa May must win a vote in parliament to get her Brexit deal approved or risk seeing Britain’s exit from the European Union descend into chaos. The vote is now due to take place the week beginning Jan. 14

Powell’s colleague Raphael Bostic, the Atlanta Fed President, added to the central bank’s dovish tone on Monday. Bostic, who is not a voting member of the Federal Open Market Committee this year, said the Fed may only need to raise rates once in 2019.

Focus today will be on Euro Business Climate & US Trade Balance Data.

06/ 01/ 2019

Dollar retreats against Rivals, Markets cued in for ECB & U.S FOMC Minutes

The US Dollar retreated against the Euro on Friday, giving up all the gains logged after a robust U.S jobs report came out with 312K jobs added exceeding the expectations of 177K, market reacted completely based on Federal Reserve Chairman Jerome Powell’s speech that U.S Central Bank will be sensitive to the downside risks of the market.

His comment was “We will be patient as we watch to see how the economy evolves” setting a softer tone for the start of the year 2019.

Powell also did state that Fed is not on a preset path of Interest rate hikes and suggested that it could pause its policy tightening as it did in 2016.

“Powell’s comments that the Fed is prepared to alter policy expectations quickly and flexibly are weighing on the U.S. dollar and giving risk sentiment a boost.

This week focus will be from the latter part of the week with ECB Monetary Policy Meeting notes & US Fed Jerome Powell’s Speech.

03/ 01/ 2019

Markets Embrace for US Data & Powell's Speech tomorrow

Dollar strengthened over the rivals on Mild Results from Euro Zone & UK Markit Manufacturing figures. An extended government shutdown in the United States is adding to investor fears.

President Donald Trump has invited congressional leaders from both parties to the White House, congressional sources told CNN. While details on the meeting are still being worked out, it likely will occur Wednesday.

The meeting would come as negotiations to re-open about a quarter of the federal government have been frozen for nearly two weeks, and just one day before Democrats take over as the majority party in the House.

While the government shutdown probably won't mean much for the economy in the near term, the impasse may portend bad news for a looming debt ceiling showdown.

Today focus will be around the US Data mainly & all investors are cued in for tomorrow’s Non-Farm Payrolls & Fed Jerome Powell Speech.