Alan Hill
Dollar Awaits GDP Data
A bounce from Q1 likely
The release of preliminary GDP data for Q2 today will determine the short-term path for the dollar. Following the IMF’s...
Proactivity Leaves the FOMC Struggling
U.S. Economy not “behaving”
Following yesterday’s FOMC meeting, Fed Chair Janet Yellen acknowledged that inflation is causing the committee a concern. Expectation had been for...
FOMC Unlikely to Rescue Dollar
Yellen to wait for “action not words" from Trump
President Donald Trump received a small crumb of comfort yesterday as the Senate voted in favour...
Market Adopts Holiday Mood
Technical moves dominate
As political and educational bodies leave for their summer holidays, the FX market has succumbed to several technical factors as its main...
Dollar Struggling with Politics and Economy
FOMC & GDP to provide short term direction
This week the focus will switch to the other side of the Atlantic as the fallout from...
Euro Hits New Highs on ECB Comments
Draghi provides policy guidance
Yesterday's ECB policy meeting brought clarity to a market that had been living in hope rather than expectation of a normalization...
ECB meets as Euro rallies
Draghi to reiterate concerns
Earlier in the year, President Trump accused Germany and by inference, the entire Eurozone of benefitting from a weak currency to...
Dollar Stumbles as Headwinds Grow
Trump facing credibility issue
The inability of a U.S. President to “carry” Congress is a major issue. This is a frequent problem when dealing with...
Euro Breaks higher as Dollar Falls
Common currency heading for 1.1700
Having seen a shallow correction to its recent move higher, the single currency is now poised to resume its trend...
U.S. Data hits Rate Hike Hopes
Weak Retail sales and Benign Inflation pressure FOMC
Following last week’s slightly more dovish comments from Fed Chair Janet Yellen during her biannual testimony to...