Daily Update - 11th December 2019
UK released their Industrial production data which resulted negative but regardless markets reacted subtly since all investors are focused on US Interest Rate Decision & UK Elections taking place this week. Followed by Euro Zone released their ZEW Economic Sentiment positive boosting the Euro initially against the Dollar but growth did not last long with more news coming from US Officials regarding the US, China Trade War. US Consumer Price Index released is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of USD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. It will be a busy day from the US arena with US Monetary Policy Statement & Interest Rate decisions will release its statement regarding monetary policy. The statement may influence the volatility of USD and determine a short-term positive or negative trend. Yesterday’s Market
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