Daily Update
GBP Manufacturing & Industrial Production reports exceeded expectations followed by NIESR GDP Estimate which remained same. Yet GBP is in its after-shocks of BREXIT statement by Theresa May PM of UK. This was followed by the Focus of the week among Investors, the 1st official news conference by Trump to find clues on future Economy of US and its Fiscal Outlooks for this year. EUR/AED dropped all the way up to 3.84 last night in the initial hours before the conference on anticipation over the Future Economic Policies & Strategies by Trump. But investors were disappointed by Trumps Rhetoric Style Hype which got him into the Seat in the first place. Nothing significantly important was discussed other than building a wall & it’s all going to be great. EUR/AED spiked all the way from 3.84 to 3.90 and then gradually paced through the night. The focus of this week will be on ECB Monetary Policy meeting minutes which gives us a clear indication of the an overview of financial market, economic and monetary developments of Euro Zone. Shortly after this US will be releasing reports on Initial Jobless Claims which is a measure of the number of people filling first time claims for state unemployment insurance. A Larger than expected number indicates weakness in this market which influences the strength and direction of the US Economy.Yesterdays Market
Yesterday’s Focus
Today’s Market
Today’s Focus
