Weak ISM pushes Dollar off the edge while Brexit delay boosts Pound

Daily Update - 4th September 2019

Yesterday markets

• AUD Rate Statement & interest Rate Decision
• US ISM Manufacturing PMI

Yesterday explained

By dawn, Australia opened up with news that Interest Rate will remain the same till deemed necessary by the Reserve Bank of Australia. United States dwindled on ISM manufacturing figures showing a slow pace of manufacturing sector growth for US for first time in 3 Years.

 

Today Markets

• AUD Gross Domestic Product
• ECB Retail Sales & ECB’S Nominated President Largarde Speech
• US Fed Member’s Speech

Today’s explained

By dawn of Wednesday, we will have AUD Gross Domestic Product released is a measure of the total value of all goods and services produced by Australia. The GDP is considered as a broad measure of economic activity and health.

ECB will release is a measure of changes in sales of the Euro zone retail sector. It shows the performance of the retail sector in the short term, percent changes reflect the rate of changes of such sales. The changes are widely followed as an indicator of consumer spending.

Followed by ECB’s Nominated next President Largarde speech which will be an important speech which will give us an indication of his future policies and plans for ECB.

Finally many key members of the US FOMC will give out their statements on their outlook for US FOMC.