Euro Loses Ground Against Dollar, Focus Shifts to Jerome Powell Speech

Daily Update - 9th July 2019

Yesterday’s Market

• Euro Industrial Production

Yesterday’s Explained

Markets remained vaguely affected due to lack luster of important data on the start of this week. While dollar seems to be stable across the board against rivals with anticipation on the comments of Jerome Powell’s testifying & speech going to be the main highlight of this week.

Germany Industrial Production which was released resulted positive but did not make bigger strides against the dollar.

 

Today’s Market

• Fed Chairperson Powell’s Speech

Today’s Focus

Tuesday the major and the only important data will be US Fed Chairperson Powell’s Speech where he will be discussing on the Interest Rate Cut scheduled and also the future policies of United States.