Dollar Defensive on Geo-Political tensions & Euro Gains

Daily Update - 16th October 2018

Yesterday’s Market

• USD Retail Sales Ex Auto

Yesterday’s Explained

US dollar softened against major currencies after the weak U.S retail sales data for the month of September while the treasury yields were little changed.

Geo- political tensions drove the markets as the Dollar dropped against its rivals and also including rising oil price.

 

Today’s Focus

• GBP Average Earnings Including Bonus & ILO Unemployment Rate
• EUR Economic Sentiment & Current Situation

Today’s Market

The focus of the day will be reverting back to UK & European Zone. In UK data out front, they will release Average Earnings Including Bonus & Unemployment rate both are which important indicators of the Current Job Sector Growth & Unemployment rate post Brexit.

Finally to conclude the Day Euro Zone will release their Economic Sentiment & Current Situation which are indicators of the Current Business conditions in Euro Zone.