Welcome and good morning thank you for joining us for our Mondays financial daily report brought to you by anyoption.
Thanks to Brexit people’s bank of China has been able to weaken the Yuan significantly which will help the economy to gain momentum.
Bank of England’s decision to keep rates the same came as a surprise to traders which rushed into selling the dollar after the announcement.
Analysts expected that the price will continue to fall as the rate of production was cut by fifty percent.
According to analysts their will be low economic volatility today as you case preliminary housing inflation report will have a small impact on the currency pair.
Canadian foreign securities purchases are expected to have limited impact on the pair but will provide essential information regarding the demand for the currency.
According to NAHB housing market index sales of family homes will remain at the same level but will continue to suggest a favorable outlook.
The difference in value between foreign and domestic security purchases will be released today and it will provide key economic data for the US economy.
Thank you for joining us for Monday’s market outlook we hope that you’ll tune in tomorrow morning for the latest events in the market.
Comments
Log in or sign up to join the conversation.