Market updates:
Currencies to look at today: GBP, USD, EUR, CAD
The points of the market on which it will be necessary to keep an eye
The situation in Venezuela which affects the oil price has risen because Venezuela being one of the largest reserves of oil in the world and given the political situation, this could influence the upward trend of oil.
USA: The USD is expecting released information today on the National Energy Orders and the speech of the nation economy, political plans and all these information could strengthen the USD.
CAD: The fact that oil is increasing the strength of the CAD against major peers
EUR: we have to keep watching the situation in the European Union where the ECB is expecting a storm in the Euro zone due to BREXIT talks, unchanged interest rate, not positive data from Germany, in France, in Italy too!
Good day family traders; market updates:
Currencies to pay attention to: USD, CAD, EUR, GBP, NZD
New Zealand might consider to have an interest rate cut for their next monetary policy! This could affect negatively the NZD and the AUD. Important information to be released in New Zealand regarding Employment and Unemployment change which also gives information on the country's trade balance
Yesterday Pr. Trump addressed key notes to the nation however, expect the on boarder controls with Mexico, and the nuclear deal talks, no information was disclosed regarding the negotiation with China! Therefore this sends a positive sentiment about the american economy.
There is still heavy uncertainty regarding the BREXIT as we approach the deadlines for UK to exit the EU! Prime minister May is to meet with Junker for discussions
German economy has a negative sentiment which also affects EUR.
Let's keep eyes on Gold and Oil.
New information released about the stock of Oil by the USA presents an increase in US stock of Oil which could affect oil volatility.
