Dollar Stagnates ahead of Friday's NFP Figures

Daily Update - 6th September 2018

Yesterday’s Market

• USD Good Trade Balance, Fed Bullard’s & Fed Member Williams Speech

Yesterday Focus

Fed Member Williams statement concluded that the Stronger Conflicts with Stronger Economies such as China & Europe could derail the Dollar on a long term basis.Although skittish emerging market currencies and global trade concerns limited the greenback’s losses. While on the Data front of Euro Zone Markit Services PMI for Euro Zone was far exceedingly better than the last quarter pushing the common currency further higher against the Dollar.

 

Today’s Markets

• FOMC Member Kaskhari Speech, Initial Jobless Claims & ISM-Non Manufacturing PMI
• ECB’s Lautenschlager Speech

Today’s Focus

FOMC Member Kaskari Speech will give us an in depth view of the current Economic Outlook of US and its Future projections and strategies. Followed by strong data coming out from US on Job Sector Growth & Manufacturing sector will give us an indication on trends of US Dollar. Finally to conclude the day ECB Lautenschlager Speech will be a key indicator to the Global Investors on the Current conditions of Euro.