Fundamental Analysis 20-01-2017

Economic News by:

Good morning,

Inauguration Day today as President Elect Trump will become President Trump. His first official speech as President of the United States will take place in Washington at 14:00 GMT Overnight we saw Retails Sales figures and Gross Domestic Product figures out of China along with Industrial Production and Urban Investment figures. In Australia there were the HIA New Home Sales figures for December, which were up 6.1% on the previous months’ figures. AUDUSD trading at 0.7558 at time of writing.

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In Europe this session the German Producer Price Index for December got the session underway. Also this session we will take a look at Britain’s Retail Sales figures for December. As mentioned earlier the US will be focused on Washington DC. Canada will publish Consumer Price Index data for December and retail Sales figures for November. USDCAD trading at 1.3303 at time of writing. GOLD trading at $1205 per ounce while USOIL was trading at $51.24 per barrel at time of writing.

I hope you all have a nice weekend.

Economic Calendar 2017-01-20

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