Will Jerome Powell Kick Off the Dollar to a flying 3rd Quarter against Rivals?

Daily Update - 2nd October 2018

Yesterday’s Market

• EUR Markit manufacturing PMI & Unemployment rate
• USD FOMC Member Bostic speech & Markit manufacturing

Yesterday’s Focus

EUR Markit manufacturing PMI figures indicates negative growth in business condition and the overall growth in the EUR Economy, on the other hand EUR unemployment rate figure was weaker than the previous indicating that Euro Zone Job opportunities are growing gradually.

USD Markit manufacturing PMI released was negative but regardless of the Economic Data the market supported the Dollar due to NAFTA Deal well along with Mexico, Canada & US driving Investors on a stronger Economic Outlook.

 

Today’s Market

• GPB PMI construction
• Fed’s Jerome Powel Speech

Today’s Focus

GPB PMI construction shows business conditions in UK construction sector which could indicate the current conditions post Brexit. Once again, the focus of this week will be around Fed Chairperson Jerome Powell’s speech since his last key note speech caused significant spike on Dollar against Rivals.