Posts From Nurudeen Amedu


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Little Changed in the EURO after PMI release

Little Changed in the EURO after PMI release

🕔August 23, 2016

Data released today have shown a slump to a 3 month low in the Markit Eurozone flash PMI index as it was reported to be 51.8 from a previous reading of 52.0, while the services sector reached a 3 month high of 53.1 after a previous 52.9.…

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Fischer’s Fed Comments Raise Hope for the USD

Fischer’s Fed Comments Raise Hope for the USD

🕔August 22, 2016

Major uptick perceptions are being shown by one of the Fed’s top policy makers who has recently revealed that the Federal Reserve is on the verge of meeting both its targets for the US Economy. Stanley Fischer, the vice-chairman of the Federal Reserve’s Board of Governors, stated that core inflation was now within “hailing distance” of the central bank’s target of 2%, with employment in the US also rising “impressively” since its struggle in 2010.…

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Fundamental Outlook for the Week

Fundamental Outlook for the Week

🕔August 21, 2016

This week’s fundamental spotlight will mostly be dominated by the US Federal reserve policy, as the markets will be looking for fresh enlightenment on any move by the Fed to raise rates. Major events for the week include:

The US Durable Goods Orders

This data is due for release on Thursday 25th of August at 08:30 EST

With the widespread disappointment revealed by investment levels within the US Economy, the Federal Reserve is currently uncomfortable about the current pace of capital expenditure.…

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British Public Finances Surplus Disappoints

British Public Finances Surplus Disappoints

🕔August 20, 2016

  • Public finances surplus reported at £1 billion
  • Public borrowing also lower

The British government had a smaller than anticipated budget surplus for July, the first full month since the UK referendum. Public sector borrowing was £1 billion in surplus for the month of July, about 17% less than the figure reported a year earlier which was £1.2 billion.…

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USD Index Signals Change in Trend

USD Index Signals Change in Trend

🕔August 19, 2016

  • Dollar Index falls to 7-week low

The U.S. Dollar Index fell forcefully on Thursday to fresh post Brexit lows, as remote trade dealers analysed the minutes of recent meetings from the Federal Reserve and the European Central Bank for indications of a clear signal from the two national banks.…

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Fed Minutes Strengthen the Japanese Yen

Fed Minutes Strengthen the Japanese Yen

🕔August 18, 2016

The Japanese yen has grown above 100 to the dollar for the second time this week as the US currency’s campaign to escape a previous 3 month low that was stalled after the released Fed minutes signalled that officials were divided on the topic of how soon an interest rates hike should be performed.…

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Fundamental Outlook for the USDJPY

Fundamental Outlook for the USDJPY

🕔August 17, 2016

The Japanese yen was seen weaker against the US dollar in the currency market afternoon trading sessions, as it traded at 100.95 at 2:26 pm. The Japanese yen previously hit a high of 100.14 in an earlier session subsequently orbiting levels around 99.68 against the dollar before it began its decline.…

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Yuan Edges Lower as PBOC Reports Higher FOREX Sales

Yuan Edges Lower as PBOC Reports Higher FOREX Sales

🕔August 16, 2016

  • PBOC release strengthens theory of capital outflows

The Chinese yuan fell sharply on Monday, as the central bank reported surprisingly large foreign exchange sales in July, the concerns generated by this report was further intensified by an already apparent fear that the Chinese economy is experiencing significant spates of capital outflows.…

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NZD Strength Persists

NZD Strength Persists

🕔August 15, 2016

  • Rates cut fail to deter NZD growth
  • NZD gains high-yielding status

The latest efforts made by the Reserve Bank of New Zealand (RBNZ) to raise inflation and put a leash on its strengthening currency has been countered by a rebellion, with the surging housing market and a healthy economic advancement actively upholding investor confidence in the economy.…

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Highlight of The Week’s Major Fundamental Releases

Highlight of The Week’s Major Fundamental Releases

🕔August 14, 2016

The USD experienced a lot of volatility last week with the summer bringing in some turbulence for the currency. Market volatility will not be slowing this week as major releases on queue for the week like the UK, Australia and New Zealand Employment data, US and UK Inflation releases, and the Fed’s minutes will spur a lot of traffic in the market.…

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