Daily Update - 09th Feb 2017
US Consumer Credit Change is the report which gives us an insight on the borrowing trends of individuals of the country. The report came with negative results. The US dollar is edging higher against most of the major currencies in a session devoid of much news. The Canadian dollar and the Japanese yen are the exceptions. The Euro is the weakest of the majors against the USD. Investors seem to be waiting for the next big catalyst, although there are no big events scheduled for this week, with attention centered in political developments both in the US and Europe. Each Monetary Policy Statement proposes to formulate and implement monetary policy of the Country for the next following year and quarter. Interest rate decisions of Reserve Bank of New Zealand was kept unchanged for this quarter. The House of Commons will vote for the last time on the Brexit bill today that will then pass to the House of Lords. The bill is expected to pass, with the focus on the possible amendments it will receive from policymakers. The Day will end with Initial jobless claims from USA. It is a measure of the number of people filing first-time claims for state unemployment insurance. It provides a measure of strength in the labor market.Yesterday’s Markets
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