Daily update
AUD Home Loans AUD Investment Lending for Homes The Australian Reports that came out yesterday such as the Home Loans and Investment Lending came out negative which caused the AUD to plummet significantly losing confidence over AUD among Investor. The Euro declined to lowest in two months as the USD investor confidence was boosted with preference to Clinton over Trump running for office, speculating a stronger economy for US in the future. The Euro gained modestly from Germany’s ZEW Survey-Economic Sentiment as it created improvement among businesses from 0.5 to 6.2 while the USD retracted soon due to the Labor Market Condition Index turning out to be negative. The GBP is losing confidence due to fears of a “Hard Brexit” trading at lows of 4.49. The Fact that the process is not being delayed was one of the primary factors that was fueling the drop in the GBP currency confidence. EUR Industrial Production Later yesterday The Times tabloid released an article that stated that the Prime Minister of UK Theresa May has accepted Parliamentary vote over her Brexit plans so that they can scrutinize her plans critically as the majority of the board members are against Brexit and can make any amendments to her plans accordingly. To start off the day with we have Industrial Production reports coming from Europe indicating the growth of manufacturing & Production industry of Europe. Focus of the day we will be FOMC Minutes meeting that will review the Economic and Financial conditions of US which will be released by the board of governors of the Federal Reserve. By the course of the day RICS housing Price Balance reports will be released from UK which will represent the housing costs as well as the strength of the housing market in UK. Yesterday’s markets
Yesterday explained
Today’s market
Today’s focus
