Daily Update - 22nd August 2017
It's been a very quiet start to trading on Monday, Euro rose sharply against the Dollar on Monday as the Dollar turned weaker after Geopolitical tensions between North Korea and US has risen once against after the one of the largest military exercise was done in the South Korean Border which instigated the North Korean Pyongyang denounced the exercises as preparations for Nuclear War. Markets moved in the aspect of Fear into Safe Haven currencies, stocks and government bonds. A latest report released by Analysts in Wall Street stating there is a higher tendency of investors purchasing Bonds from all over the world than the previous years. Dollar is underperforming so far, this year generally due to Lackluster of US Data and Federal Reserve has stuck to a gradual monetary tightening pace. Investors braced for the annual central banking conference in Jackson Hole this week where the world's top central bankers may signal their next policy actions Looking ahead, Swiss trade balance due to be reported ahead of the European opening bells ZEW Economic sentiment will give us an insight on their Economic conditions of Euro Zone and their German counterparts as well which will be the highlight of the day. Followed by UK report as they will release its Public-Sector Net borrowing which will gives investors an insight on their Borrowing Trends that will cause GBP to move in the financial market. Along with these, we have Mid-tier data from US on Housing Price Index that will provides an estimated value of housing market conditions. It is an important indicator as the housing market is considered as a sensitive factor to the US economy and USD as well. Yesterday’s Focus
Yesterday’s Explained
Today’s Focus
Today’s Explained
