Today the Focus on “Speech” of Trump & Bank of England! Stay Tuned!

April 12, 2017

Today's Market Movers and Analysis by FXPrimus!

Today the Focus on “Speech” of Trump & Bank of England! Stay Tuned!

  • Today’s Important Indicators

Today again we start the trading day with GBP related news, first the Bank Of England Gov Carney speech followed by Average Earnings Index expected at 2.1% versus 2.2% previous.

Also the market is waiting for US President Donald Trump’s Speech at 10:00 GMT.

Today’s Forecast for Important Trading Indicators

Time in GMT Country Indicators Expected Previous
 08:00 UK BOE Gov Carney Speaks
 08:30 UK Average Earnings Index 3m/y 2.1% 2.2%
 10:00 US President Trump Speaks
 14:00 Canada BOC Monetary Policy Report
 14:00 Canada Interest Rate 0.5% 0.5%
 14:30 US Crude Oil Inventories -0.7% 1.6M

Market Movers

European Session traders can agree that the market yesterday was leaded by EURUSD trading at around 1.06125, USD was relatively lower against most currencies.

In term of value change JPY was leading with 1.87% followed by the EUR fluctuating with 0.78%, NZD was the weakest currency of the day with -2.86% change.

  • UK Consumer Price Index came out higher than expected at 2.3% versus 2.2% followed by a bullish GBP being traded at 1.24355 at one point. Germany April ZEW survey results published at 80.1 VS 77.5 forecasted helping EUR to start its ascending movement.
  • Overnight CPI data from China was not encouraging at 0.9% VS 1.1% expected, overall the market stabilised itself during the Asian session.

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