mask US Dollar and Trade Tension remains in Focus

04/ 09/ 2018

US Dollar and Trade Tension remains in Focus

Daily Update - 4th September 2018

Yesterday’s Market

  • EUR Markit Manufacturing PMI (Aug)
  • GBP Markit Manufacturing PMI (Aug), Retail sales (Aug)

Yesterday’s Focus

Euro rebounded from an over 1 Week low in the previous session after Euro Markit Figures showed improvements.While Sterling plummeting further due to stressing news from Brexit Negotiators on a Hard Brexit from Euro Zone.

While US Markets were closed due to the observance of US Labor Day markets reacted mainly due to Political & Trade tensions looming around the US & Turkey.

 

Today’s Market

  • EUR Producer Price Index (Jul)
  • GBP PMI Construction, Inflation report hearings
  • USD ISM Prices paid, manufacturing PMI

Today’s Focus

Markets will be more reactive to the conditions of Trade & Political Turmoil, while Euro Zone will release their Producer Price Index which will be a Key Indicator of their Current manufacturing sector and growth.Followed by Sterling’s PMI Construction & Inflation Report hearings which will be key event monitored by Bank of England committee for their forecasting on Interest Rates.Finally to conclude the day US will release their Manufacturing figures which will give us an indication on their current Manufacturing sector growth.