Dollar Struggles on Trade Deal Outlook & Rivals Pick Up Pace

Daily Update - 19th November 2019

Yesterday’s Market

• ECB Lane’s Speech
• US NAHB Housing Market Index

Yesterday’s Explained

ECB Lane’s speech did support the already strengthening Euro with Dollar collapsing on further Trade ailments between China & United States. While US NAHB Housing Market Index resulted negative largely inducing a sell of the USD against the board of rival currencies.

 

Today’s Market

• US Housing Starts
• Japan Trade Balance on Import & Export

Today’s Focus

US housing starts which is an indicator that tracks how many new single-family homes or buildings were constructed.Followed by Japan Trade Balance is a measure of balance amount between import and export. Therefore, any variation in the figures influences the domestic economy.