mask ECB holds its Ground and EUR Rises Sharply

19/ 10/ 2017

ECB holds its Ground and EUR Rises Sharply

Daily Update - 19th October 2017

Yesterday’s Markets

  • EU Extraordinary Summit
  • US Housing & Building Permits

Yesterday’s Focus

EU Leaders met yesterday regardless of Brexit negotiations and European Council President Donald Tusk stated in the summit that European Economy is performing progressively but not at the pace which they hoped.

Euro rose sharply against the USD Building sector for Sep is highly affected after the consecutive storms which hit US borders and states such as Texas. Since Texas being one of their Largest Oil & Energy industry liners of US. Reports showed negative figures which caused a weaker Dollar across the border.

 

Today’s Markets

  • ECB Council Meeting
  • US Jobless Claims
  • AUD Employment Reports

Today’s Focus

We will receive the Employment Figures of Australia early dawn of Thursday with reports such as Employment Change & Unemployment rate will significantly give us an indication on their Job Sector Growth and drawbacks.  Followed by the Inauguration of European Council Meeting which will be held for two days with a collective discussion of the Presidents and Prime Ministers of the member countries of the European Zone. Followed by Initial Jobless Claims reports.