Daily Update - 31st October 2019
Fed Minutes & Interest Rate Decisions from United States came out as expected indicating their Interest Rate cut was certain and also they signaled stating there could be a pause on the rate cuts to come as “will act as appropriate”. While the US GDP resulted positive but lacked the push over the Rivals. While on the Euro Zone arena Germany Harmonized Index of Consumer Prices resulted positive further pushing the Dollar to tumble down against the common currency Euro. BoJ anticipated more stimulus coming but may not be the time yet as per the Bank of Japan Officials and they will keep pushing at the same pace with till the Global Conflicts resolve according to major analysts. Euro Gross Domestic Product will be released is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health & Euro-zone headline inflation is set to drop to 0.7% yearly. Finally to conclude the day US initial Jobless Claims is a measure of the number of people filing first-time claims for state unemployment insurance. In other words, it provides a measure of strength in the labor market. A larger than expected number indicates weakness in this market which influences the strength and direction of the US economy.Yesterday’s Market
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