UK Inflation Data to be released today! Here are the Important Market Indicators!

September 12, 2017

Dollar Rises on Safe-Haven Cool-Off.

UK Inflation Data to be released today! Here are the Important Market Indicators!

This article is originally referred from FXPrimus News

FXPrimus has provided the summary of Important Indicators of the day.

Today’s Important Indicators

The Office for National Statistics is going to publish the latest inflation figures, the most important inflation data, at 08:30 GMT today, while later in the session, at 14:00 GMT, the Bureau of Labour Statistics will release the Job Openings and Labour Turnover Summary.

UK Inflation Rate is at 2.58%, compared to 2.68% last month and 0.60% last year while expectations are for a figure of 2.80% on a long-term average of 1.80%.

Today’s Forecast for Important Trading Indicators

Market Movers

  • USDJPYDollar gains against Yen as N.K. crisis cools-off, Irma aftermath better than expected. Dollar appreciated at least 120 pips against the Yen counterpart reaching a high of 109.57 as demand for risk-off assets fell while Hurricane Irma was being downgraded to a tropical storm, limiting further damages. Dollar-Yen is trading above the 200 HMA but lower than the recent high reached in the early Asian session as U.N. sanctions do not satisfy.

  • EURUSDEuro falls below $1.20 as appetite for risk-on Dollar increases on N.K., Irma relief. Dollar strengthened against the majority of currencies in an expectedly quiet session around a relieving 69th N.K. anniversary and the downgrading of Hurricane Irma. Investors are still concerned on the N.K. situation as U.N. sanctions are not hard for a weapons program, many voiced. Euro-Dollar bounced off at the 200 HMA which happens to also be the 61.80% extension, an ascending trendline, and the retest of the broken ascending triangle.

  • USDCADLoonie maintains 28-Month lows on August’s Housing Starts, confidence is Cad remains. USDCAD was marginally changed on Monday’s session despite Dollar’s strength against most majors as the Canadian Dollar gained ground to a surprising raise in Housing Starts from 216K to 223K. The pair remains bearish after August’s Employment and Rates rose and currently trades right at June 18th 2015 support.
  • USOILOil moves lower on Hurricane Irma aftermath worries, recovers some losses despite drop in demand. Crude Oil appreciated this morning as fears over a tremendously damaging Irma subsided after the disastrous hurricane was downgraded to a tropical storm. Investors have been in fear on an estimated $100 billion damage the U.S. economy will have to incur on an 18 trillion GDP. Oil trades at $49.50 while fears over increasing inventories grow.
  • In US Indexes, S&P 500 closed 1.08% higher while DJ raised 1.19%.
  • In Europe, UK 100 increased 0.49% while DE 30 climbed 1.39%.
  • In Asia, ASX 200 appreciated for 0.54%, Nikkei for 1.18% and Hang Seng remained unchanged.
  • In stocks, Tesla climbed 5.91% while Apple appreciated 1.81% up.

Original Source: FXPrimus News

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