China VS U.S. Trade Tensions ease & Will Jerome Powell Boost the Dollar today

Daily Updates - 12th December 2018

Yesterday’s Market

• GBP UK parliamentary vote on Brexit deal
• GBP Average earnings including and excluding bonus
• EUR ZEW survey economic sentiment

Yesterday’s explained

The British M’s decision to delay the vote and the attempt to look for a renegotiation with EU was considered not a viable option. EU Leaders have said that they would be prepared to make assurances over the backstop plan.

Even though Average Earnings came out positive including the EUR ZEW Survey but regardless the Economic Data strengthen the market reacted negatively against all Rival Currencies of the Dollar due diplomatic solutions are laid out between China & U.S. for Trade Arrangements.

Today’s Market

• USD Consumer price index Ex Food and Energy
• Fed’s Powell Speech

Today’s explained

The Consumer Price Index released by the US Department of Labor Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. Those volatile products such as food and energy are excluded in order to capture an accurate calculation.

Finally to conclude the Day Jerome Powell will give out his speech by Late today’s session which would boost the Dollar strength against the rivals. Analyst this speech will be a key indicator of the 2019 Economic Projection plans for U.S.