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Welcome and good morning thank you for joining us for Tuesday’s daily market review.
While the ISM indicator stays above 50 the small increase over the previous month’s might suggest that the sector will not speed up soon.
Weakness in US dollar and subsiding fears from the Brexit referendum impact might continue supporting Crude Oil price.
KBC and Credit Swiss (CS) are expecting a contraction of 1.5% and 0.5% for 2017.
Analysts predict little volatility for the Australian dollar against the US dollar as Australian cash rate is expected to remain the same.
At 1.75% the dollar is supposed to remain support against the pound as UK services PMI is expected to decrease by 0.4
High volatility might be expected around 5:30 GMT today as Bank of England governor is expected to hold a press conference.
As GDP price index data should be published at some point of the day volatility might be expected for the New Zealand Dollar.
Thank you for joining us for Tuesday’s market outlook on behalf of all of us here at Anyoption. We wish you a productive trading day.
