The GBP and CAD are poised up tacking on gaining ahead of their respective GDP Gross Domestic Product reports. GBP/USD was up 0.34% by 08:00GMT ranging between 1.3069 -1.3184 while CAD/USD gained 0.28% to trend between 0.7534 – 0.7574. Further upside is expected with some Analyst predicting a favorable outcome for the GBP & CAD. […]
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Trade Disarray Spiced with US-GDP Reports
The USD strengthened against a basket of other major currencies, ahead of today’s US Gross Domestic Product (GDP) reports scheduled for 13:30 GMT. USD/JPY was at 110.32 with a rise of 0.06% traversing between 109.97 – 110.42 by 08:00GMT. It is evident that volatility is heightened as the day is laced with other Economic […]
Consequences all round with some Turkish delights
The Market today seems to be plagued by the same ills as the week which preceded it and some new spice. The USD remained susceptible to the US-China Trade war as with other major currencies, shooting guns. Coupled with other local geopolitical pressures such as OPEC+ meeting summary, Election in Turkey. Brexit and the 27th World Gas […]
European Central Bank’s Rate Decision on Tap
The USD’s rally ahead of the Fed rate hike has subsided from its three weeks’ highs as the Fed raised rates from 1.75% to 2.00% in expectation with markets view. However, The FOMC hinted on a more bullish path moving forward with possibly two more hikes before the end of the year. Investors took short-term […]
Market gears up ahead of Trump-Kim summit.
This week is teaming up with several Market triggers, starting from US-North Korean summit, the FOMC Rate Hike, ECB interest rate decision and several economic reports on tap. Market participants seem unperturbed, trading on market sentiment while jumping from “riskier” assets to less “risky” and vice versa as they see fit. The G-7 summit […]
G-7 Summit weighs on Market sentiment.
With the G7 summit set for today and Saturday in Charlevoix Quebec uncertainties are abound, triggering risk-off mode coupled with Friday’s profit-taking. The US Yields dropped pulling with it the USD from 3-week highs. Meanwhile, Asia shares shrugged on the ECB’s possible decision to cut back it Quantitative Ease policy of Assets purchasing and trade […]