Daily Update - 21st August 2019
AUD RBA Minutes kept the Cash Rate Unchanged and did mention improvements in areas such as Mining in Gold & Ore for Australia. Germany Producer Price Index remains the same but regardless of the result Euro kept pushing against the dollar on further positive news heading towards the common currency on Trade arrangements. Markets remain very docile due to lack of Strong Economic Data released so far and Wednesday will be the starter for High Tier data to be released for this week. First to begin with UK will release their Public Sector Net Borrowing which captures an amount of new debt held by the U.K. governments (the financial deficit in the UK national accounts). To conclude the day US Federal reserve releases their FOMC minutes which will be an important cue for Investors which reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. Yesterday’s Market
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