Daily Market Report - August 4, 2016


The dollar is expected to continue heading lower as Dallas FED chief Robert Kaplan extended warnings against raising fed rates.

According to recent news along musk along with several investors is expected to tighten = control over the electric car maker Tesla after the Solar City acquisition.

Japanese based car manufacturers reported stronger than anticipated cells in the US with Honda motor reporting a 4.4%.

The change in the total value of cells of the retail level in Australia is expected to increase by 0.1 percent which will most likely support the Aussie against the dollar.

The interest rate at which the BOE lens to financial institutions overnight is supposed to decrease by 0.25 percent which will most likely push the pound lower against the dollar.

High volatility might be expected for the pound en paris BOE governor Kenny is expected to hold a press conference along with other MPC members.

Euro is expected to have lower as the number of individuals who filed for unemployment insurance for the first time during the past week.

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