Daily Update - 4th October 2018
Euro outlook was far more bearish than last week spiraling downwards to 2 Months Low against the Dollar, Further reports from Markit Services & PMI Composite pushed Euro off the edge negatively. Later the day, US ADP Employment Change & US Markit Services figure boosted the Dollar & kick started a stronger day against all rivals in the global markets. Further pressure from Italian Government Officials statements reasoning for a probable Italy – Exit from European Union caused more bad news for the common currency than good. On Thursday, highlight will be coming from US Job Sector growth & followed by reports from Factory orders could indicate their current Manufacturing sector outlook which is a major contributor to US GDP. As analysts believe these figures could improve further after last week Jerome Powell’s speech on current Growth of United States standing at 4.2% annually. Yesterday’s Focus
Yesterday’s Explained
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Today’s Market
