mask Dollar edges higher against the Rivals on U.S, China Trade in Focus

20/ 11/ 2019

Dollar edges higher against the Rivals on U.S, China Trade in Focus

Daily Update -20th November 2019

Yesterday's Market

  • US Housing Starts
  • Japan Trade Balance

Yesterday’s Explained

US Housing starts released is an indicator that tracks how many new single-family homes or buildings were constructed. It indicates movements of the US housing market. Followed by Merchandise Trade Balance Total from Japan is a measure of balance amount between import and export. Japan is so much dependent on exports that the Japanese economy heavily relies on a trade surplus. Therefore, any variation in the figures influences the domestic economy.

 

Today’s Market

  • CNY PBOC Interest Rate Decision
  • GBP Inflation Report Hearings
  • EU Financial Stability Review
  • US FOMC Minutes

Today’s Focus

The PBoC Interest Rate Decision is announced by the People´s Bank of China. From UK GBP Inflation report hearings is released which will be a key indicator on the future Interest Rate Decisions to be taken by Bank of England. Since 2004 the European Central Bank has published twice a year the Financial Stability Review which provides an overview of the possible sources of risk and vulnerability to financial stability in the euro area.

Finally, to conclude the busy day US will release their FOMC Minutes by the Board of Governors of the Federal Reserve and are a clear guide to the future US interest rate policy.