Dollar Outshines the Rivals on Concerns of Easing ECB Monetary Policy & No-Deal Brexit

Daily Update - 3rd September 2019

Yesterday’s Market

• CNY Caixin Manufacturing PMI
• Germany Markit Manufacturing PMI

Yesterday’s Focus

CNY Caixin Manufacturing PMI resulted negative giving us an indication that China is hurting as much as US Economy with the current Trade issues escalating. Germany Markit Manufacturing released captured business conditions in the manufacturing sector is slow. As the manufacturing sector dominates a large part of total GDP, the manufacturing PMI is an important indicator of business conditions and the overall economic.

 

Today’s Market

• AUD Rate Statement & interest Rate Decision
• ECB’S Nominated President Largarde Speech
• US ISM Manufacturing PMI

Today’s Focus

To kick off the already busy week Australia is releasing their Interest Rate Decision & Rate Statement which will be a key indicator of the current Economic conditions. Followed by ECB’s Nominated next president Largarde speech which will be an important speech which will give us an indication of his future policies and plans for ECB.

Finally, US will release their ISM Manufacturing PMI Index shows business conditions in the US manufacturing sector It is a significant indicator of the overall economic condition in US