Daily Update - 4th June 2017
Let us take a look at Euro’s Negative Trend Why and what exactly happened in the Fx Market. Analyst say the effect of what happened to Euro and all other Rival Currencies against USD was based on Skepticism of US Federal Reserve increasing their Interest rates during their next quarter. Yesterday the US Index traded 0.4% percent higher at 96.06 than all major 6 rival currencies. Investors have ignored the stronger manufacturing PMI Reports from the European area economics to continue to take profits on their USD Short. This shows the market is highly impacted by the traders profit strategies. Unemployment Rate in Euro Zone has shown a slump and which slows the Economic Market Condition of Euro as well. America’s market was close early ahead of the US Independence Day on July 4th. A Quiet Day for US Dollar since US Market will be closed for Independence Day. Early Morning Australia will release retail sales report followed by RBA Interest Rate Decision & Rate Statement. Mid-day UAE time Euro Zone will release Producer Price Index which an indicator of change of Prices in the Domestic production. Followed by GBP Inflation Report Hearings which gives us an insight on the economic conditions of UK which will be the hint to future Interest decisions of UK Yesterday’s Markets
Yesterday’s Focus
Today’s Reports
Today’s Focus
