Dollar loses ground after Fed states Stable Inflation for Hikes, ECB & UK Election takes Center Stage

Daily Update - 12th Dec 2019

Yesterday’s Market

• US consumer price index, US Interest Rate Decision & Monetary Policy Statement

Yesterday’s Explained

US Consumer Price Index resulted positive and US Interest Rate remains unchanged and they are signalling that Inflation should remain stable for them to push through with more Hikes in the time to come.

 

Today’s Market

• UK Election
• ECB Interest Rate Decision
• US Initial Jobless Claims

Today’s Focus

Today will be a busy day in the Economic Top tier since UK, Europe & US will all release their main data today such as ECB Interest Rate Decisions, US Initial Jobless Claims and Two major events such as UK Elections & European Council Meeting will be held till Friday. UK Elections are favoured to be won by the Conservative party but it will be deciding factor for Brexit & UK Economics in general.

Followed by US Initial Jobless Claims which will be a key indicator of the current economic conditions of US Job Sector Growth.