Daily Update - 29th August 2019
Germany released their GFK Consumer Confidence which resulted positive pushing the common currency euro against the dollar stronger yesterday but gains did not remain longer. Later on during the Mid-noon ECB released their M3 Money Supply which is a key indicator of the currency in circulation, bank deposits, repurchase agreements, debt securities up to 2 years and the value of money market shares. With results being positive ECB shows signs of better inflation in place than the predecessor quarters. Business climate indicator, released is based on monthly surveys and is designed to deliver a clear and timely assessment of the cyclical situation within the euro area. 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. The Gross Domestic Product Annualized released shows the monetary value of all the goods, services and structures produced within a country in a given period of time. GDP Annualized is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing. Yesterday’s Market
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