Dollar Firms Against The Rivals And Buoys On The Safe Haven Status

Daily Update - 1st April 2020

Yesterday’s Markets

• GBP Gross Domestic Product
• Euro Zone Consumer Price Index
• China Caixin Manufacturing PMI

Yesterday’s Explained

First to be hitting the Markets was UK Gross Domestic Product which remained still and there was not changes in the GDP figures which did not support the Pound in any possible way and with stronger data being released from US the previous day it did back the Bull currency.

Euro Zone CPI Index resulted negative pushing the Euro off the edge against the Dollar. Finally China released their Caixin Manufacturing PMI which is was resulted positive regardless of the Virus Pandemic sending positive signals about China’s Plan of Ramping up production for the months to come.

 

 

Today’s markets

• Germany Manufacturing PMI
• UK Manufacturing PMI
• US ADP Nonfarm Employment Change & ISM Manufacturing

Today’s explained

German Manufacturing Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the manufacturing sector which can be a leading indicator of overall economic performance. Followed by UK will release their Manufacturing PMI which will indicate the purchasing power across the country and a key indicator of the overall economy after the Pandemic. Finally US will release two important data one of which will be a key indicator of the Non-Farming Employment Sector and the other will be directly linked to Manufacturing Sector condition.