Daily Update - 26th March 2020
Germany released their IFO Business Climate which resulted negative putting stress on the Common Currency against the USD Fresh Stimulus Package news. Following by Mid-Day UK released their Consumer Price Index which resulted the same with no changes. US released their Non-Defense Capital Goods Orders Ex Aircrafts which resulted negative which further affiliated the Dollar against the Board across all majors. Germany GfK Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. UK will release their Interest Rate Decision and their Monetary Policy statement which will be a key indicator of their current Economic Conditions and their strategies for the ongoing Virus Dilemma. US will release Initial Jobless Claims it provides a measure of strength in the labor market. A larger than expected number indicates weakness in this market which influences the strength and direction of the US economy & Gross Domestic Product Annualized released GDP Annualized is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing. Yesterday’s Market
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