Daily Update - 7th March 2017
Yesterday’s Market Yesterday’s explained The Euro Declined after rising to a 2 Week High earlier in the session after France’s Juppe stated he will not run in the French presidential Race. In the US Data upfront Factory Orders for US was released with better than expected positive growth of 1.2% compared to previous months. Nevertheless Investors are carefully watching the market for the upcoming ECB Monetary Policy and US Non-Farm Payrolls due to be released on Thursday & Friday respectively. In the Data front for EU Sentix Investor Confidence was released with a positive growth significantly indicating higher percentage of Investors’ Confidence on Euro and the European Economy. Regardless of all the Data released the focus of Euro Currency will heavily depend on Netherlands, French & German Elections to be held this year along with US Federal Reserve Rate Hike Decision to be held on March 15th. Today’s Markets Today’s Focus By Dawn Australia Central Bank will review its previous quarter and submit a report on their Rate Statement followed by Interest Rate Decision for the next quarter. Mid-Tier data from Euro Zone will be released on Gross Domestic Product for Euro Zone which will give investors and insight on the current economic conditions of Eurozone. Followed by evening markets will meet with Data from US on Trade Balance which will give a clear indication on the Import & Export Trade of US and this provides an insight for the investors on the Economic Growth of US on its Manufacturing sector and Trade Balance between Imports & Exports on service and goods.
