Daily Update - 10th September 2019
Japan released its GDP early dawn of Monday the resulted negative compared to the last year affecting the Safe haven currencies to a 5 year low. Followed by Germany released their Trade Balance indicated a sharp growth over the previous year indicating positive signs for Germany Economy. Finally UK released their GDP which resulted positive but due to Parliamentary Vote on Brexit kept the Sterling under pressure. CNY Consumer Price Index is released is a measure of retail price variations within a representative basket of goods and services. The result is a comprehensive summary of the results extracted from the urban consumer price index and rural consumer price index. The purchase power of the CNY is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. GBP Average Earing Excluding Bonus released is a key short-term indicator of how levels of pay are changing within the UK economy. It can be seen as a measure of growth in "basic pay. Followed by ILO Unemployment Rate released by UK is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the UK Economy. If the rate is up, it indicates a lack of expansion within the U.K. labor market. As a result, a rise leads to weaken the U.K. economy. Yesterday’s Market
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