30th April 2019
Euro Zone released their Business Climate and it resulted negative the euro was little moved. Later on US released their USD Core Personal Consumption Expenditure resulted mixed results affecting the Dollar due to the expected report was the main indicator of the current inflationary Levels which could play a key role in the Interest Rate decision which is taking place in tomorrow. No change in policy is expected but the market is keen to hear how Powell resolves the divergence between solid economic growth and slowing inflation. Key stats include 1st quarter GDP numbers for France and the Eurozone and German unemployment and consumer sentiment figures due out on Tuesday. Of less influence will be GDP numbers out of Spain and prelim inflation figures out of Italy and Germany, and the Eurozone’s unemployment rate. The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. HICP is an index of consumer prices calculated and published by Destatis. HICP 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. First report from US will be Consumer Confidence which is a high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. Followed by final report for the day will be Pending Home Sales released by the National Association of Realtors is a leading indicator of trends of the housing market in the US, as the housing market is considered as a sensitive factor to the US economy, it generates some volatility for the USD. Yesterday’s market
Yesterday’s explained
Today’s market
Today’s explained
