Daily Market Report - August 10, 2016

Welcome and good morning thank you for joining us for Wednesday’s daily market outlook brought to you by anyoption.

German stocks moved sideways as gains from the insurance utilities and construction sectors were offset by losses in the pharmaceutical and healthcare, software and financial services sectors.

In his last public statement governor Stephen stated that further easing would be at hand which led to the sharp decline of the Aussie dollar pair.

Official projections suggest that Brexit will be the primary course for increased volatility in the Yen.

Traders should expect high volatility in the Aussie dollar pair as reserve bank of Australia’s Governor Stevens is scheduled to speak at the Anika foundation luncheon in Sydney.

New Zealand dollar is expected to head lower as New Zealand’s official cash rate is supposed to decrease to 2%.

The dollar is supposed to stay relatively supported against the euro as the number of job openings during the reported month in the U.S is projected to increase 5.52 million.

New Zealand dollar is expected to head lower due to a dovish reserve bank of New Zealand press conference.

Thank you for joining us for Wednesday’s market outlook we hope that you’ll tune in tomorrow morning for the latest events in the market.

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