Political uncertainty rules Global Markets due to Lack of Economic Data

Daily Update - 23rd October 2018

Yesterday’s Market

• JPY All Industry Activity Index
• USD Chicago Fed National Activity Index

Yesterday’s Explained

Japan released their All Industry activity index which is a key indicator of the current status of Japan Industries and their economic projections. The reports came negative resulting not much movement in the Market for JPY. Later the day, US Chicago Fed National Activity Index released which gave us an indication on the overall economic activity and related Inflationary pressure which is currently not moving at the momentum expected.

 

Today’s Market

• GBP Average Earnings Including Bonus & ILO Unemployment Rate
• EUR Economic Sentiment & Current Situation

Today’s Focus

On Tuesday, the focus of the day will be reverting back to UK & European Zone. In UK data out front they will release Average Earnings Including Bonus & Unemployment rate both are which important indicators of the Current Job Sector Growth & Unemployment rate post Brexit. Finally to conclude the Day Euro Zone will release their Economic Sentiment & Current Situation which are indicators of the current business conditions in eurozone.