Daily Update - 25th July 2018
Yesterday both US & Euro Zone released their Markit PMI & Composite figures for this week which gave indicated their Manufacturing Sector & Overall Business conditions in both the Economies. Euro Zone & US Markit PMI & Composite figures were mixed results and this weakened the already Dollar against the Rivals with further Tensions building upon Trade War & Iran Nuclear Deal. US also released their Housing Price Index which resulted negative which showed their Current Housing Market Sector as weaker compare to previous quarters. Early dawn reports from Australia will be released on Consumer Price Index & the CPI is a key indicator to measure inflation and changes in purchasing trends. For the EUR, economic data scheduled for release out of the Eurozone this morning includes Germany’s July’s IFO Business Climate Index and jobseeker figures out of France. Following a better than expected July manufacturing PMI out of Germany yesterday, coming off the back of a recent bounce back in both factory orders and industrial production, improved business sentiment should provide the EUR with further support, though with EU President Juncker meeting Trump later today, there could be some caution, with business climate forecasts pointing to a further deterioration in business conditions going into the 3rd quarter. Meanwhile, investors were also eyeing a European Central Bank (ECB) policy meeting on Thursday for direction. Reports would be released on measure of money supply by the ECB. It is considered as an important indicator of inflation, as monetary expansion adds pressure to the exchange rate Yesterday’s Market
Yesterday’s Focus
Today’s Market
Today’s Focus
