Market reacts on looming Geo-Political Tensions With Trump & Rouhani

Daily Update - 24th July 2018

Yesterday’s Market

•             GBP MCP Member Broadbent speech

•             USD Existing Home Sales.

Yesterday’s Focus

Apart from Trumps tweet against Iran to nearly drawing a Regional Dispute and causing more chaotic appearance over global arena, Later the day the US released its Existing Home Sales and it was negative indicating a stagnant growth. Euro zone consumer confidence remained unchanged.

Yesterday the major update is about JPY & Dollar fell to a two-week low versus the Japanese yen on Monday, after U.S. President Donald Trump expressed discomfort with the greenback's strength.

 

Today’s Market

•             EUR Markit PMI & Composite

•             USD Markit PMI, Composite & Housing Price Index

Today’s Focus

Today will be Mid-Tier Data and Euro Zone & US both will release their Markit PMI & Composite figures for this week which will give us an indication on their Manufacturing Sector & Overall Business conditions in both the Economies.

US will also release their US Housing Price Index which is an indicator of their Current Housing Market Sector.