mask Tonight’s State of the Union Speech will be in Focus

05/ 02/ 2019

Tonight’s State of the Union Speech will be in Focus

Daily Update - 5th February 2019

Yesterday’s Market

  • Eur - Consumer price index
  • GBP – PMI construction

Yesterday’s explained

EUR Consumer price Index failed to impress the market expectation however today Markit will release the final version of it’s services PMI for January for EU and the US. Sterling rose on Monday after a newspaper report said that goods shipped to Britain from the European Union could be waved through without checks in the event of a “no-deal” Brexit. But concern is mounting about the risk of a no-deal exit and that is showing up in derivative markets which are predicting more currency volatility in the coming days.

Today’s Market

  • AUD – RBA Interest rate decision
  • USD – Markit service PMI & PMI Composite

Today’s Explained

By Dawn of Tuesday we will receive the AUD Interest Rate Decision & Rate Statement which will give us a clear understanding on the current Economic Outlook of Australia. Any hints about changes in rates may impact the Aussie. To conclude the day, US will release their Markit Services & PMI Composite figures which will be a key indicator on their current Business conditions.