Trumponomics causes Dollar weakness, focus shifts to FOMC

Daily Update- 09th January 2019

Yesterday Market

• EUR Business Climate

Yesterday's Explained

Euro Zone released their Key Business Climate report which resulted negative which was a Key Indicator of the Businesses Prevailing in Euro Zone sustained a slower pace of Business Growth. Markets slowed momentum due to the lack of strong Economic Data during the day reacted mainly to the Political & Trade Tensions among U.S & China easing currently with a deal to be clinched on Wednesday.

Today’s Market

• USD FOMC Minutes
• GBP Bank of England Mark Carney’s Speech

Today’s Focus

US will release their FOMC Minutes post of what was discussed on Friday which will guide the investors in the projections for the year & the number of Interest Rate Hikes expected.

To conclude the day Mark Carney will speak on topics of Economic Projection Strategies for the year and his outlook for Bank of England Interest Rate Hike.