Daily Update - 23rd January 2018
A slow day to start the week with not much important data been released. The absence of strong data to support Dollar meant that major rival currencies continued their dominance on the opening day of the week with Pound being the best performer. Most important news from US was, that Republican and Democratic leaders of the U.S. Senate held talks on Sunday seeking to break the impasse that has kept the U.S. government shut down for two days. But later in the day, U.S. lawmakers struck a deal to reopen the federal government three days into a shutdown prompted by an impasse over immigration and border security. Minority Leader Chuck Schumer said he had come to an arrangement with Senate Republican Leader Mitch McConnell on the funding bill to keep the government open until Feb. 8 and a plan to address the issue of the Dreamers. • World Economic Forum - Davos, Switzerland • JPY BoJ Interest Rate Decision, BoJ Monetary Policy Statement & BoJ Press Conference • EUR ZEW Survey - Economic Sentiment & Consumer Confidence • GBP Public Sector Net Borrowing Today, The World Economic Forum will be taking place where world authorities exchange their opinions. This year’s major topics are economic instability, climate change and equitable growth. We will see, BoJ Interest Rate Decision announced by the Bank of Japan in the morning. This will be followed by the monetary policy statement and press conference. Later in the day, from UK, Public Sector Net Borrowing will be released which captures an amount of new debt held by the U.K. governments. Then From Europe, The Consumer Confidence will be released which measures the level of consumer confidence in economic activity. This will be followed by the Economic Sentiment which measures the institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and the share of analysts that are pessimistic.Yesterday’s Focus
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