Pound and Euro Receive Focus on the Economic Calendar

The economic calendar witnessed a quiet week as there were hardly any statistical changes in market dynamics. The price of the Aussie Dollar has increased to $0.7470, while the value of the Kiwi Dollar dropped to $0.7153. The price of the Japanese Yen fell by 0.05% against the price of the US Dollar. From the economic calendar update, one can see that it has been a hectic day for the Euro market. Hereafter, it shall focus on the figures of German business sentiment in October after the European Open. The ECB swung into action last Thursday, triggering expectations of heightened sensitivity of the figures while the inflation persists on playing the role of a significant bugbear. According to forex brokers uk, the value of the EURO is at $1.1643. 

As one can see from the value of the Pound on the economic calendar, there has been no major statistical change as the United Kingdom lends a market trend direction to the Pound. There are no statistical reports under consideration currently. Tenreyro, the Monetary Policy Committee member, has been asked to speak on the current status of the Pound and Euro, as it can be comprehended from the economic calendar. There is an ongoing uncertainty in the monetary policy as it is making the value of the Pound fluctuate erratically. As a result, there may be a market reaction in the near future.

Similar to the Pound and Euro, there has been no change in the Dollar’s value in any direction from the economic calendar. It has been observed that the static market conditions have sentiment towards the monetary policy of the FED, and Capitol Hill discussions can push the value of the Dollar in any direction.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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