Daily Update - 9th October 2019
The euro declined against the U.S. dollar on Tuesday, as concerns over China-U.S. trade talks and escalating tensions between London and Brussels sparked investor’s flight to greenback. On Monday, U.S. and Chinese deputy trade negotiators launched two days of talks aimed at paving the way for the first minister-level negotiations in months on Thursday and Friday. The British pound declined against dollar on Tuesday, as concerns that, Brexit talks could breaking down weighed on British pound. Britain is due to leave the bloc on Oct. 31, there is little sign London and Brussels can overcome their divisions, and both sides are jostling to avoid blame for a delay or a disorderly no-deal Brexit. Sterling pound fell to its lowest in over a month, as Brexit chaos took its toll on Sterling. According to news agencies, German Chancellor Angela Merkel and UK Prime Minister Boris Johnson had a phone conversation that ended without finding common ground on the Irish backstop issue. The most important speech of the day will be US Fed Jerome Powell who will give us an indication on the current economic conditions of United States & their future outlook, also FOMC minutes will be detailed through Q&A session with mediaYesterday’s Market
Yesterday’s Explained
Today’s Market
Today’s Focus
