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US Non-Farm Payrolls Grows Dollar or Not?.

The USD remains broadly strong at two-week highs, over its counterparts including the Chinese Yuan. Analysts are under the impression that the US Dollar Index, DXY, which measure the strength of the Dollar vs a basket of other majors is likely to remain hawkish, seen ranging from 95.12 – 95.37 ahead of today’s NFP, Non-Farm […]

BOE Rate Decision, Forward Guidance & Trade Woes

Following the Fed’s Interest Rate decision on Wednesday with a bright forwarding guidance and upbeat ADP, Private sector employment report, which revealed 215k were employed, bolstering the USD to maintain its current bullish stance. Market participants are attentive to events coming out of the UK as the BOE is likely going to hike interest rates […]

Closing The Week On A Positive Note For Some?..

As Market Participants get ready for the weekend coupled with some profit-taking, it is noteworthy to acknowledge the delivery of Q2 earnings report from some 61 companies such as; Chevron Corp.( CVX), Colgate-Palmolive Co. (CL), Exxon Mobil Corp. (XOM), Twitter Inc. (TWTR) to name but a few. McDonald’s and Chipotle shares did beat market expectation. An […]

A New Week Laced With Uncertainties & Earnings

This week the market will be reacting to ongoing Trade Tariffs saga, heightened by US President Trump’s threat to impose another $500 billion on Chinese goods. Market participants will be following developments from ongoing Q2 earnings season reports from a wide range of industries, Banking, Tech, Pharma, and Health are the most dominant ones. Oil traders […]

US President Trump rocks market’s boat.

Just as the Market was contemplating and looking for further direction, following Fed Chair’s Powell’s upbeat summation before Congress on Tuesday & Wednesday. President Trump fired at the FOMC for hiking interest rates. Stating that a stronger dollar puts the US at a disadvantage. Naturally, the USD lost some of its lusters, by the time […]