25/ 07/ 2018

Dollar and Euro stay in narrow ranges ahead of Trump-Juncker talks

The dollar and euro barely moved early today, ahead of a meeting between U.S. President Donald Trump and European Commission President Jean-Claude Juncker at a time investors are focused on the trade rift between the two economic powers. Fears of a trade war with the United States kept the euro trapped in narrow ranges as Juncker travels to Washington on today for trade-focused talks with Trump. The talks come after the U.S. imposed tariffs on European Union steel and aluminum and Trump’s threats to extend those measures to EU-made cars. 

Looking ahead, while investors were also eyeing a European Central Bank (ECB) policy meeting on Thursday for direction. Economic data scheduled for release out of the Eurozone this morning includes Germany’s July’s IFO Business Climate Index and jobseeker figures out of France. 

24/ 07/ 2018

Market reacts on looming Geo-Political Tensions With Trump & Rouhani

Japanese Yen & the dollar fell to a two-week low versus the Japanese yen on Monday, after U.S. President Donald Trump expressed discomfort with the greenback's strength. The Bank of Japan is actively

Dollar has made some gain yesterday after news came that Trump will not interfere directly into forex market. US Treasury Secretary said in meeting that Donald Trump’s to give full support for fed autonomy and not willing to interfere in Foreign Exchange Market. The rising US China trade war and fed was supporting dollar prices.

It’s risk on early, with Eurozone and U.S flash private sector PMI numbers in focus, though expect more from Trump.

23/ 07/ 2018

Week Ahead | Trade War in Focus with Draghi in the Spotlight

The dollar fell across the board on Friday, as the latest comments by U.S. President Donald Trump complaining about the strength of the greenback and the rise in U.S. interest rates squashed a rally that took it to a one-year high the previous session. Investors withdrew dollar buying and moved to safe haven currencies since Donald Trump’s comments and fear of two more Interest Rates for this year caused a spiral flow of dollar selling on high scale across the board which supported the boost to the rival currencies.

Looking ahead, another big week with U.S earnings, 2nd quarter GDP numbers, Trade wars and ECB monetary policy all in focus.

19/ 07/ 2018

UK Retail Sales in Focus

The dollar held firm against its peers today, supported by bullish comments from the U.S. Federal Reserve chairman, which affirmed expectations for at least two more interest rate hikes this year.

In closely watched congressional testimony on Tuesday and again on Wednesday, Fed Chairman Jerome Powell said he believed the United States was on course for years more of steady growth, and carefully played down the risks to the U.S. economy of an escalating trade conflict.

Looking ahead, focus will turn to today’s UK retail sales. Swiss will release trade balance. From US will release jobless claims, Philly Fed survey and leading indicator.