Dollar holds firm against yen, major peers on strong U.S. inflation

Daily Update - 12th July 2018

Yesterday’s Market

• CAD BoC Rate Statement, Interest Rate Decision, Monetary Policy Report, Press Conference
•  ECB Non-Monetary policy meeting.

Yesterday’s Focus

Wednesday, Bank of Canada released their Interest Rate decision which remained unchanged. Dollar Trade Issues was over taking the Market Movement and equally all reports from US has been positive indicating a Bullish Dollar over the board.

Euro Zone it was a major day in terms of Data upfront since ECB Non-Monetary Policy meeting was held which indicated the Investors globally that European Central Bank stance towards a Gradual increase in their policy upfront on QE and Inflation.

 

Today’s Market

•  EUR Germany Harmonized Index of Consumer prices, ECB Monetary Policy Accounts
•  US FOMC Member Williams, Kashkari, Jobless Claims & Consumer Price Index Ex Energy & Food

Today’s Focus

On Thursday, with no material stats due for release on Wednesday, focus will then shift to the ECB monetary policy meeting minutes due out on Thursday, with finalized June inflation figures out of France and Germany and the Eurozone’s industrial production figures due out ahead of the release of the minutes.

By Morning we will receive reports from Germany Harmonized Index of Consumer prices. Followed by reports from ECB Monetary Policy Accounts which will give us an indication on their current projections of ECB for the months to come.

Lastly to finish the day off Once US Markets will release its Initial Jobless claims and Consumer Price Index reports and FOMC Member Kashkari will give out a speech as well.