Daily Update - 22nd January 2020
GBP Claimant Count Change was the major indicator of a strong UK Job Sector proving that currently UK is heading towards Employment Sustainability across the United Kingdom. Followed by the Mid Afternoon data was released from UK on the Average Hourly Earnings resulted positive further boosting the Sterling pound. Finally, the Germany ZEW Economic Sentiment did boost the Euro Zone sentiments and Currency likewise pushing the Dollar of the edge yesterday latter session. It’s a particularly quiet day on the Eurozone economic calendar. There are no material stats due out of the Eurozone to provide direction to the majors. While chatter from Davos will influence, virology remains the key area of focus. A lot can happen in matter of hours. Expect any new cases in new geographies to weigh on risk appetite. SARS was largely confined to Asia, this one could become a Spanish flu event. A lot of unknowns remain, including the incubation period. When considering the fact it has already spread to the U.S, the outbreak could have started well before initial reports were made. Ahead of the European open, the Asian markets managed to avoid another pullback though the markets remain susceptible to the news wires.Yesterday’s Market
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