Daily Update - 6th July 2017
Taking a look at a Euro yesterday it was little change against the US Dollar on Wednesday as dollar briefly performed under expectation. Federal Reserve’s June 13-14th Policy Meeting Federal Reserve’s showed a growing split among policy-makers on their inflation outlook and how it might affect the pace of future interest rate hikes. Several Fed Members stated a start to the process of reducing the Fed’s Large Portfolio of Treasury Bonds and mortgage-backed securities by the end of August but others wanted to wait until later in the year. Day starts with the release of Meeting report from the previous ECB Monetary Policy meeting. Then focus shifts to USA with the release of several mid-tier reports. First up will be ADP Employment Change which is a measure of the change in the number of employed people in the US. This will be followed by Continuing and Initial Jobless Claims which is related to the labor force in USA. The biggest day of the week for the dollar as all the major reports will be only from USA. First up will be the all-important Non-Farm Payrolls which presents the number of new jobs created during the previous month, in all non-agricultural business. This will be watched closely by markets for any clues of recovery from the losses dollar had last week. This will be followed by Average Weekly Hours which is an indicator of labor cost inflation and of the tightness of labor markets. G20 Meeting will be held today and the Highlight of the political arena will be the meeting between Trump-Putin. US Federal Member Stanley Fischer will give a speech on the outlook of the US Fed. The day will end with Unemployment Rate which is a percentage that surges from dividing the number of unemployed workers by the total civilian labor force. Bank of England Mark Carney’s speech to give us an insight about the Economic conditions of UK and the Interest Rate Decision Hike cues.Yesterday’s Market
Yesterday’s Focus
Today’s Market
Today’s Focus
Tomorrow’s Market
Tomorrow’s Focus
