Fed drifts away on Expectation of Rate Hikes

08th January 2019

Yesterday’s Markets

• USD ISM Non-Manufacturing PMI

US will released their ISM Non-Manufacturing PMI which showed business conditions in the US non-manufacturing sector is negative adding more fire to the already stuttering Dollar across the Board.

Further dovish tone from Raphael Bostic yesterday increased the doubts across Investor’s minds about Dollar will stand its ground on Fed Rate Hikes or fall in line with Trump’s demands.

Today’s Markets

• EUR Business Climate
• USD Trade Balance

Euro Zone will release their Key Business Climate report which will be Key Indicator of the Businesses Prevailing and their current growth status.

Followed by US Trade Balance report will be released by US opening hours which will signal its current trade disputes between US & China and its after effects in their Trade Sector