Daily Updates - 21st May 2019
EUR Producer Price Index USD Fed’s Chair Powell Speech Minor data released in both economies failed to motivate market players, as the German PPI came in mixed, up monthly basis and down when compared to a year earlier. On Monday, BOE's Deputy Governor Broadbent hit the wires, although the only relevant remark he made is that UK business investment trends are still negative, a result of Brexit uncertainty. USD Existing Home Sales This Tuesday, the macroeconomic calendar will also be quite light, as the EU will only release May Consumer Confidence The Existing Home Sales, released by the Natinonal Association of Realtors provide an estimated value of housing market conditions. As the housing market is considered as a sensitive factor to the US economy, it generates some volatility for the USD.Yesterday Explained
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