It’s Judgement Day for Italy and the EUR

Daily Update - 21st November 2018

Yesterday’s Market

• RBA Meeting Minutes Report
• BOJ Monetary Policy Statement

Yesterday’s Explained

Focus of yesterday was around mainly in the Geo Political Trade Tensions which is yet unresolved with China & United States. RBA Meeting Minutes was released yesterday highlighted few key Areas of Improvement along with considerations for Monetary Policy as well. Finally, to conclude the Quiet day BOJ Released their Monetary Policy Statement as per the Analysts JPY will continue to grow amidst the reports and Economic Data mainly due to the Safe Haven pressure on Rival Currencies.

 

Today’s Market

• European Commission decision in Italy
• ECB non-monetary policy meeting
• USD Durable goods report

Today's Focus

There are three major market moving data coming today, first is European commission decision on Italy, ECB non-monetary policy meeting report and US Durable goods report, we can possibly expect some volatility in FX market, since reports are basically coming two biggest competitors most traded currency in the world, looking at these data we can say the market order should be an ideal option to get benefited from a volatile market.