Draghi back on Focus followed by Trump & Juncker Truce from Yesterday's Meeting

Daily Update - 26th July 2018

Yesterday’s Market

•             AUD Consumer Price Index

•             EUR IFO Business Climate & Expectations

Yesterday’s Explained

The IFO Business Climate deteriorated marginally this month. Companies were slightly more satisfied with their current business situation but scaled back their business expectations slightly. The USD new home sales report was negative. Australia terms of trade deteriorated in Q2 as export price index rose by 1.9 percent, while the import price index declined by 3.2 percent.

U.S. Treasury yields hits session highs across maturities on Wednesday afternoon after President Donald Trump and European Commission President Jean-Claude Juncker announced they had agreed to work on lowering trade barriers at a meeting in Washington.

 

Today’s Market

•             ECB Interest rate decision & Monetary Policy Statement

•             US Initial Jobless Claims & Durable goods

Today’s Focus

Today will be a Major Highlight of the week and Investors will look forward for Thursday, Euro Zone will release its Interest Rate Decision and Monetary Policy Statements during the Morning Session and this will be a Key indicator of the ECB’s Quantitative Easing program of ECB and Draghi’s Outlook towards this Quarter for their Interest Rate Decisions.

Followed by US will release it’s Initial Jobless Claims & Durable Goods which will give us an indication of their current Job Sector Growth and their production sector of Durable Goods