USD Nearing Resistance Amid New Geopolitical Tensions

The US Dollar Index managed to rise since the beginning of the week, despite the latest geopolitical tensions between the US and North Korea.

North Korea’s Foreign Minister said that the international community should clearly remember it was the US that declared war on North Korea.

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Daily wrap up – 25 September

The start of the week was dramatic for the euro, despite the success of Angela Merkel for a fourth term during the German federal elections on Sunday, September 24, the Christian Democratic Union (CDU) and the Christian Social Union (CSU) win 33% of the vote. The ruling party's current partner the Social Democratic Party (SDP) printed the worst result since the Second World War by getting 20.5%, prompting the leader of the party to describe this day by bitter today, and the shock was in the success of the far right-wing party to enter parliament for the first time in half a century, represented by the Alternative for Germany Party (AFD), which has not been established for 4 years.

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The week ahead (25 – 29 September)

The weekend saw flaming events as elections were held in New Zealand and Germany, New Zealand's ruling National Party has won the largest number of votes, reaching 46%, while the opposition Labor Party has won 35.8%. The next few days will witness talks in order to form a coalition, to form the new government pending the announcement of the results officially on October 7.

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Weekly Fundamentals Preview

After a week full of economic releases and key events, which had a notable impact on the markets. Another week comes with some key economic releases, which likely to keep the volatility on the rise.

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Daily wrap up – 21 September

The markets absorbed the Fed's decisions yesterday, US stocks started to fall from historical highs and the US dollar saw some slight declines after rising overnight after the Federal Reserve kept interest rates unchanged at 1.25% and left the door open for a third raise this year.

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What’s After The Federal Reserve Decision

With no surprises, the Federal Reserve decided to keep the current Fed Fund Rate between 1.0% and 1.25% as widely expected. Yet, what mattered the most as we said in yesterday’s article is the Balance Sheet trimming decision, Dot Plot and the economic projections.

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Daily wrap up – 20 September

The markets were calm today, before the US Federal Reserve announcing the interest rate decision. The economic calendar was not full of major economic events during the day, so the markets were looking to see what the Fed will release tonight

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Strong UK Retail Sales Ahead of FOMC Decision

During the early morning hours of the European session, the UK Retail Sales figures were released, which came in much better than expected, sending GBP higher across the board.

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