Daily Update
Europe released industrial production report and has shown positive figures which made the euro strengthened but before the ECB president Draghi’s speech euro dropped again since the investors were in short term panic and anxious as to what Draghi had to say. China Retail sales & Industrial production report has been released and it has shown negative figures and it indicates the total receipts of the retailed consumer goods are not as expected. Japan industrial production report was also been released and the reports were positive which showed the output of the Japanese factories and mines. It is the major indicator of strength in the manufacturing sector. Today will be a major day for FX market in terms of Economic data coming out from Australia, USA, UK and Euro zone. By Early Dawn, Australia had its RBA’s meeting minutes, where they decided that the Interest rate will be unchanged for the upcoming year. In the afternoon, Germany will release its Gross Domestic Product report. Following German Reports, UK will release its core consumer price index report & consumer price index report which is a key indicator to measure inflation and changes in purchasing trends. By early evening, Europe will release Gross Domestic Product report. To close the day US will releases its retail sales, retails sales ex-autos, & retail sales control group which represents the total industry sales in USA.Yesterday’s Markets
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Today’s Markets
