mask North Korea – U.S Summit & Powell Keep the USD in Focus

27/ 02/ 2019

North Korea – U.S Summit & Powell Keep the USD in Focus

Daily Update - 27th February 2019

Yesterday’s Market

  • UK Prime Minister Theresa May speech
  • USD Fed’s Chair Powell Testifies

Yesterday’s Explained

Markets was firstly influenced inflation report hearings of UK which supported the GBP against the Greenback. UK Prime Minister Theresa May delivered a speech, focusing on the negotiations for Brexit ahead of the Parliamentary Vote to be taking place today. Powell said on Tuesday that rising risks and recent soft data were unlikely to prevent solid growth for the U.S. economy this year, but that the Fed would remain “patient” on further interest rate hikes.

Today’s Markets

  • CAD BoC Consumer Price Index Core (YoY)
  • USD Fed's Chair Powell Testifies
  • GBP UK Parliamentary vote on Brexit

Today’s Focus

Bank of Canada will release their Consumer Price Index Core which is considered as the key indicator for inflation in Canada. Federal Reserve Chair Person Jerome Powell testifies on his second day before congress. The UK Parliament will decide whether the UK PM May's Brexit Plan is valid or not. In the case the Parliament don't approve it, chances of a hard Brexit will increase exponentially.