Dollar Firm While Oil Remains Under Pressure

Daily Update - 22nd April 2020

Yesterday Markets

• GBP Average Hourly Earnings & Claimant Count Change
• Germany ZEW Economic Sentiment
• US Existing Home Sales

Yesterday’s explained

GBP Average Hourly Earnings shows a slump In the market after the Pandemic Grows across UK but unexpected Positive Surge from Claimant Count Change indicates UK Job Losses are to bare minimum. Germany released their ZEW Economic Sentiment which is a key indicator on the Investor & Consumer Confidence on the Economy and it resulted positive boosting the Euro.

Finally, to conclude the Busy day US released their Existing Home Sales resulted negative indicating that US Retail Sales is highly affected after the Pandemic.

 

Today’s Markets

• GBP Consumer Price Index
• CAD Core Consumer Price Index

Today’s explained

Day will be moderate as economic data coming from British and Canadian regions shows the consumer price index. The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.