Chief Economist Peter Praet states that ECB show signs of Unwinding Quantitative Easing Program by End of the Year

Daily Update - 7th June 2018

Yesterday’s Market

• AUD GDP
• US Trade Balance & Non-Farm Productivity

Yesterday’s Explained

By Early Dawn the Australian Central Bank released its GDP Reports and the reports was exceeding expectations which indicated to the Investors globally that Australian Economic Growth is stable and heading the right direction.

Followed by was reports from US on Trade Balance & Non-Farm productivity which was mixed results across the board for US. While Trade Balance showed significant improvement than the previous year while Non-Farm productivity lacked growth and results was negative.

Euro strengthened to hit two weeks high against the US Dollar on Wednesday after officials said the European Central Bank could wind down its stimulus program by the End of the Year, as inflation has risen to its target.

 

Today’s Market

• Euro GDP
• US Initial Jobless Claims
• CAD BOC Governor Poloz Speech

Today’s Focus

Thursday will be an important data in term of Data Outlook, Euro will release their GDP and this will give the Investors a clear indication of their current production conditions of the country.

Followed by the US initial Jobless Claims which will give the Investors a clear indication of US Current Job Market conditions which can trigger Fed Jerome Powell for a Rate hike in June.

Lastly, we will have the Bank of Canada Poloz’s Speech on Economic current conditions of Canada and its future outlook for the coming months.