mask Dollar on Positive Streak on Fears of Escalation between US-China

30/ 05/ 2019

Dollar on Positive Streak on Fears of Escalation between US-China

Daily Update - 30th May 2019

Yesterday’s Focus

  • Bank of Japan Kuroda’s Speech
  • Germany Unemployment Rate 

Yesterday’s Explained

Bank of Japan Governor Kuroda did not make major changes to their existing portfolio of managing their Treasury and they will continue to lead on. Later on the day, Germany released their Unemployment Rate which resulted negative pushing the Euro further low against the Dollar yesterday.

 

Today’s Market

  • Germany, France & Switzerland Ascension Day Holiday
  • USD Jobless Claims, Gross Domestic Product Report

Today’s Focus

GDP Annualized is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing. The Initial Jobless Claims released by the US Department of Labor is a measure of the number of people filing first-time claims for state unemployment insurance. In other words, it provides a measure of strength in the labor market.