mask Dollar toughened while EU takes action against Italy

28/ 05/ 2019

Dollar toughened while EU takes action against Italy

Daily Update - 28th May 2019

Yesterday’s Focus

  • Bank of Japan Leading Economic Index
  • US Memorial Day
  • GBP Spring Bank Holiday

Yesterday’s Explained

Only Mid-tier report to be concerned about yesterday was released from Bank of Japan Leading Economic Index which resulted negative. Due to the holidays observed across US & UK all focus was headed towards Trump’s official first visit to Japan & their Trade arrangements. Mainly all markets were closed yesterday US Memorial Day & UK Spring Bank Holiday.

 

Today’s Market

  • GBP Inflation Report Hearings
  • EUR Business Climate

Today’s Focus

To kick off the slow week UK will release their Inflation Report hearings which will be a key indicator of the current Economic state of UK after Theresa May’s resignation and Brexit. Finally, to conclude the day, Euro Business climate will be released from Euro Zone which will be a key indicator of their Business conditions & its movement is clearly linked to the industrial production of the euro area