ECB Draghi Speech and Brexit to Drive the Market

Daily Update - 27th March 2019

Yesterday’s Market

• EUR GFK consumer confidence
• USD housing price index

Yesterday's Explained

The GfK Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity and yesterday’s reports indicated that Germany is going through a Slump of a state right now. The Housing Price Index released by the Federal Housing Finance Agency provided an understanding that US Housing sector is doing pretty well than forecasted. It is an important indicator as the housing market is considered as a sensitive factor to the US economy

 

Today's Market

• EUR-Draghi’s speech
• USD goods trade balance
• UK parliamentary vote

Today’s Focus

Today, outside the stats, ECB President Draghi could hit the EUR in a scheduled speech which will give us an indication on the current economic status. Followed by US will released their Goods Trade Balance released by the Analysis and the U.S. Census Bureau is the difference in value between imported and exported goods during a certain month. Finally to conclude the day UK Parliament will decide whether the UK PM May's Brexit Plan is valid or not. In the case the Parliament don't approve it, chances of a hard Brexit will increase exponentially.