Daily Update - 25th July 2017
Negative figures on Markit services and Markit Manufacturing might have slowed down the Euro march but it wasn’t enough for dollar to take advantage. Lack of economic reports and political events from UK meant that Pound was left to wonder without much movement. Later in the day, better than expected figures on Market Services and Markit Manufacturing data from USA supported the Dollar a little bit but lack of investor confidence meant that dollar could not take any profits from the reports. A bit of a quiet day in terms of data where few mid-tier reports will be released from Germany and USA. Most investors will be on watch and wait mode as markets will be preparing for tomorrow’s Fed events. First up will be IFO Business Climate, Current Assessment and IFO Expectations which are indicators of current conditions and business expectations in Germany. By evening US will release two reports related US Housing Market. It will start with S & P/Case-Shiller Home Price Indices which examines changes in the value of the residential real estate market in 20 regions across the US. The day will end with Housing Price Index which provides an estimated value of housing market conditions.Yesterday’s Market
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