Dollar on bearish outlook on political complications for Trump while Euro drives steady ahead

Daily Update – 25th September 2019

Yesterday’s Markets

• Euro IFO Business Climate
• USD Housing Price Index

Yesterday’s explained

German business sentiment index released was closely watched as an early indicator of current conditions and business expectations in Germany and it resulted positive which boosted the common currency Euro against the Majors such as USD.

Followed by US Housing Price Index indicated growth over the predecessor years and regardless the USD did not boost against the rivals since more pressure coming off the Inquiry raised against Trump’s Impeachment.

 

Today’s Markets

• NZD Trade Balance
• ECB Non-Monetary policy ECB Meeting
• US New Home Sales

Today’s explained

Trade balance released is the difference between the value of country's exports and imports, over a period of year which is a key indicator of the current Economic conditions of New Zealand.

Followed by ECB Non-Monetary Policy meeting which will indicate the current stance taken up by ECB Committee and Draghi on the QE Program and Rate Increases to be held in the future.

Finally to conclude a busy day US will release their New Home Sales released is an important measure of housing market conditions. House buyers spend money on furnishing and financing their homes so as a result the demand for goods, services and the employees is stimulated.