Stock markets in Europe racked up solid gains today as the bullish close in Asia helped the mood.
Currencies has been trading within the same range since the beginning of this week, except some commodities currencies including the Aussie and the Kiwi, due to some fundamentals.
However, such sideway trend is likely to continue until the end of this week, as we will be waiting for many economic releases and events later next week, whether from Asia, Europe and the US, which likely to have a notable impact on the markets.
Global markets were calm and cheering for the past few days, with the US equities and some of the European equities were at record high. However, this has changed since the beginning of the European session opening bell.
After yesterday’s inflation data which came in with mixed outcomes, but posted the highest inflation rate since 2012, the UK Jobs Report came in with positive outcomes. However, GBP remain lower across the board.
During the European session today, the UK inflation data came in with mixed outcomes. However, the Bank of England remains in a dilemma, while GBP remains green on the day until this report is released.
The markets witnessed a relative calm in the absence of significant economic events and we didn't see any strong moves in the foreign exchange market. As global stock markets rallied, boosted by China's economic data this morning.
This week, the markets are preparing for a number of important economic data that will affect global markets, and central bank movements. It is started China's inflation data released this morning, which has sent some optimism in world markets from the world's second-largest economy. Let's review together the highlights of this week's economic data.
After a week full of economic releases from the US. Another week comes in with many key economic figures and events, which likely to have a notable impact on the markets.
The US economic figures that were released yesterday managed to stop the US Dollar downward pressure, holding above the same key support which stands around 93.0.
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