Daily Update - 18th October 2018
Yesterday’s Markets
EU Brexit Summit & Consumer Price Index
GBP Consumer Price Index
USD FOMC Minutes
Yesterday’s explained
EU Brexit Summit remained unclear yet on their policies and Trade Arrangements with the Final day being Thursday we will have a clear indication on their future outlook.
GBP Consumer Price Index resulted negative and this caused the currencies to weaken over the rival yesterday. Analysts believe sterling weakened after inflation fell more than expected in Sept.
US Fed Minutes was the highlight of the day being a booster to the Dollar strengthen and FED also did provide cues that they are open for another Rate Hike for 2018 & many more to come in the year of 2019.
Today’s markets
EU Brexit Summit
USD Initial Jobless Claims
Today’s explained
Second day of EU Brexit Summit will conclude on Thursday & it will give cues for investors globally on the discussions.
US will release their Initial Jobless Claims report which will be indicator on the current Job Sector Growth & adding up to the previous weeks Non-Farm payrolls on how the Economy is reacting to the Interest Rate decision to be made in December.
