Trade Optimism Joins Slew of Economics To Offer Busy Friday

Jum, 18 Jan 2019 14:56

While growing optimism surrounding the US-China trade deal and upbeat print of Philly Fed Manufacturing Index propelled the U.S. Dollar on Thursday, Mr. Trump's comments to avoid global economic summit due to the government shutdown & excessive risk-on confined the greenback's further advances. Risk sentiments grew stronger after Wall Street...


Consumer-Centric Details To Play Their Roles

Kam, 17 Jan 2019 15:00

While British politics have already entertained momentum traders and market optimism seems coming back after upbeat US bank results, the leftover consumer-centric details from UK, US, Japan & Canada are still standing tall to offer magnified volatility during rest of the week.

Let's discuss recent headlines before jumping on forecast...


UK Still In Limelight

Rab, 16 Jan 2019 15:10

Even if US PPI registered downbeat readings and one more Fed official stressed patience for rate-hikes, not to forget on-going U.S. government shutdown, the U.S. Dollar Index (I.USDX) still managed to post a daily positive closing as ECB President conveyed dovish message and Theresa May witnessed humiliating defeat at Brexit...


British Developments To Dominate This Week's Market Moves

Sel, 15 Jan 2019 18:35

Not only dovish comments by FOMC members & soft economics but the U.S. Government shutdown & positive developments at Sino-US trade front also boosted market confidence during last-week, which in-turn dragged the U.S. Dollar Index (I.USDX) down for fourth consecutive week and triggered profit-booking of the JPY. While negatives for...


Brexit Parliament Vote Results Awaited Amid Global Pessimism

Sel, 15 Jan 2019 14:47

During last-week, Fed policymakers' refrain to commit two rate-hikes for 2019 joined hands with optimism surrounding Sino-US trade-deal & sluggish stats in order to provide consecutive fourth week of losses to the US Dollar Index (I.USDX). Not only USD but EUR also declined as ECB's "wait & watch" tone, coupled...