Euro Steadies against Dollar on speculation of Auto-Tariffs Delay

Daily Update - 16th May 2019

Yesterday’s Market

• Germany & Euro GDP Remains Same
• US Retail Sales Negative

Yesterday’s Explained

While all markets seems to be sluggish after the global Issues seeming up around US & China Trade War and on the other end US threatening of Tax Hikes on European Goods as well slows down global economy.

Germany & Euro Zone both reflected upon that GDP growth is not as expected and the slump of the European Economy signals ECB will not be aggressive on their future policies as well.

 

Today’s Market

• Housing Starts & Initial Jobless Claims

Today's Focus

On Thursday will be a day dedicated only for US economic data majorly and first release will be Housing Starts which will be a key indicator of the current Housing Market and its Growth. Followed by reports from US as well on Initial Jobless Claims which is a key data to be recorded for their future Rate Hikes and Economic Policies.