18/ 12/ 2018

Dollar loses ground ahead of Fed Monetary Meeting

Common Currency Euro & Sterling Pound gained on the Dollar due to ahead of the Federal reserve’s policy meeting this week that will likely result as expected with a U.S Interest Rate Hike but a more cautious tone on the Economy next year.

The Fed ends its two-day policy meeting on Wednesday and is expected to tighten for a fourth time in 2018. All eyes, however will be on signals about the pace of further tightening and the Fed’s sense of how the Economy is currently holding up amid a U.S. – China trade conflict and Global Financial Market Volatility.

The ECB had its planned monetary policy and as expected, maintained rates unchanged and formally announcing the end of QE, something largely priced in. However, policymakers were utterly cautious about the future.

16/ 12/ 2018

Week Ahead | Dollar peaks to a 19-Month high, Markets anticipates for US Fed Rate Hike Thursday

Dollar rose to a 19-Month High against a basket of currencies on Friday, as worries about political and economic news outside the US drove a strong bid for safety of Greenback. Mainly due to stronger than expected Retail Sales & Industrial Production reports & European Data struggled to show momentum against the dollar. Market reacted cautious after the first session due to anticipation that Fed Reserve might reduce number of Interest Rates for 2019 after this thursday

Sterling pound on the other hand dipped against the dollar on Friday mainly to the concerns of Political Uncertainty that Theresa May will fail to win key concessions from the European Union to Salvage her Brexit deal could derail the UK Economy. European Central Bank President Mario Draghi told European Union Leader’s growth was weaker than previously forecasted and urged them to go forward with reforms of the Euro Zone. Markets are on Anticipation on US Federal Reserve Interest Rates & GBP Monetary Policy Summary this week.

13/ 12/ 2018

Markets Embrace for ECB Monetary Policy Statement

Euro edged higher against the dollar after Italy lowered its deficit target for next year and said it expected the European Commission to accept its new 2019 budget proposal.

Sterling pound largely held onto overnight gains on Thursday after British Prime Minister Theresa May pulled through a no-confidence vote on her leadership that bought her more time to try to sell her unpopular Brexit deal to a deeply divided parliament.

While the ECB is set to announce formally an end to its vast quantitative easing program at a policy meeting later on Thursday, the move will be tempered by the central bank likely expressing caution about the outlook for the economy.

12/ 12/ 2018

China VS U.S. Trade Tensions ease & Will Jerome Powell Boost the Dollar today

The euro slipped lower against the U.S. dollar on Tuesday as dollar strengthened as China and the United States laid out a plan on the next stage of their trade talks to avert a trade war between the world's two biggest economies.

White House officials and China's commerce ministry said Chinese vice Premier Liu He, U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer spoke on a telephone call on Tuesday, but offered no details what they discussed. Still the call was seen as a step to ratchet down trade tension between Beijing and Washington, soothing worries about an all-out trade war between the two nations that would hurt global economic growth. 

Britain's pound declined sharply against the dollar on Tuesday after a report that colleagues of Prime Minister Theresa May believed they had sufficient numbers to mount a no-confidence vote in her leadership.