"Trumponomics" on highlight Strengthening the Dollar

Daily Update - 18th October 2017

Yesterday’s Focus

• GBP Consumer Price Index
• Euro ZEW Economic Sentiment
• US Industrial Production

Yesterday’s Explained

GBP Released its Consumer Price Index reports which came out positive than the previous year and as per analysts this results is not enough to support the closely watched Inflation Figures by Bank of England officials for their next Interest rate decision.

By mid-day Euro released its ZEW Economic Sentiment which came out negative results for both Germany & Euro since ECB has not taken the necessary steps to deal with their current Debt Crisis and Balance Sheets normalization.

US released Industrial Production reports looking at an Economic Stand point US is doing well In Industrial, Housing, Imports & Export Sectors. 

 

Today’s Focus

• EU Extraordinary Summit
• GBP Inflation Report Hearings
• US Housing & Building Permits

Today’s Market

EU Extraordinary Economic Summit in which they will be discussion on the growing menace of the Soured Debts to ECB by their respective nations. GBP Inflation Report Hearings will be released which will define their Interest Rate Decisions on their upcoming quarter. Final reports for the day will be from US on Housing & Building Permits