Dollar remains on limelight with Trump – Kim Meeting Summit & Powell Speech

Daily Update - 28th February 2019

Yesterday’s Market

• USD Fed's Chair Powell Testifies
• GBP UK Parliamentary vote on Brexit

Yesterday’s Explained

Federal Reserve Chair Person Jerome Powell testifies stating “the economy grew at a strong pace, on balance, last year, and employment and inflation remain close to the Federal Reserve's statutory goals of maximum employment and stable prices”. The UK Parliament will decide whether the UK PM May's Brexit plan was further delayed and she offered two weeks for a no-deal Brexit or to delay Britain’s Exit from E.U.

 

Today’s Market

• EUR German Harmonized Index of Consumer Prices (YoY)
• USD Fed’s Chair Powell Speech & Initial Jobless Claims and GDP

Today’s Focus

Harmonized Index of Consumer Prices is an index of consumer prices calculated and published is a measure of prices used by Governing Council of EU to define and assess price stability in the euro area as a whole in quantitative terms.  Followed by a key event anticipate by Investors globally is Jerome Powell’s future projections of US Economy and also their Interest Rate Hike Decisions to be taken for the next following quarters.  Finally to conclude the busy day US will release their Initial Jobless Claims which is a key indicator of their current employment sector & GDP which is both a key economic data.