Daily Update - 11th September 2019
Chinese Consumer Price Index resulted positive indicating the markets are bouncing back from the never resolving Trade War between United States & China. Signs of good news for Chinese Economy is a good start to resolve Global Slowdown of Economies. UK Average Earnings Including Bonus released indicated the market remains the same the predecessor year but the ILO Unemployment rate showed signs of improvement resulting a positive sign to be taken up by Bank of England on their next Interest Rate Decisions or Monetary policy. For the EUR, it’s a quiet day ahead on the economic calendar, with no material stats due out of the Eurozone today. A lack of stats will leave the markets to consider how far the ECB and FED will go to appease the markets’ demands for support. On the geopolitical front, Brexit chatter will continue to be in focus, with time running out for British Prime Minister Johnson. For the Pound, it’s also a quiet day ahead on the data front. There are no material stats to provide the Pound with direction through the day. With the BoE monetary policy decision next week, the markets will have an opportunity to consider the stats from the start of the week. Brexit uncertainty continues to pressure the Pound and the UK economy, however, which questions what lies ahead. Across the Pond, it’s a relatively quiet day ahead on the economic calendar, with data limited to August wholesale inflation figures. Any pickup in inflationary pressures will likely have a relatively muted impact on the Greenback. A modest pickup in inflationary pressure is unlikely to change the FED’s course on monetary policy.Yesterday’s Market
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