Dollar rallied against Rivals on Positive Trade News while Euro remains still for ECB Minutes

Daily Updates - 12th September 2019

Yesterday’s markets

• US Producer Price Index for Ex Energy & Food.

Yesterday’s explained

• Markets seemed to be cued in for the ECB Decisions to be taking place 12TH Sept but regardless the Dollar seems to edging higher than Euro & GBP with further Trade Tensions easing and US Producer Price Index report resulting positive kicking off the Dollar demand largely yesterday.

 

Today’s markets

• Germany Harmonized Index of Consumer Prices
• ECB Interest Rate Decision & Monetary Policy Statement
• US Initial Jobless Claims

Today’s explained

Germany HICP is an index of consumer prices, HICP is a measure of prices used by Governing Council of EU to define and assess price stability in the euro area as a whole in quantitative terms. During the Mid-day ECB will release their Interest Rate Decision & Monetary Policy Statement which will be a key indicator on the current Economic conditions of Europe & its future monetary policy outlook.

US Initial Jobless Claims released 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. A larger than expected number indicates weakness in this market which influences the strength and direction of the US economy.