Daily Analysis 25 7 2017

Overview

German Manufacturing PMI and Eurozone both Manufacturing and Services PMI were worse than Expected. ECB remarks appeared to signal a shift towards tapering monetary stimulus, but President Draghi reiterated that any changes to the stimulus program will be “gradual” and “cautious.” The dollar remains under pressure from political considerations and lower market odds of a further U.S. rate hike this year. The Trump administration remains under the cloud of a probe into alleged Russian meddling in the U.S. 2016 presidential election. Open-source project by Sharif Sajir SGT, published on GitHub.

Highlights

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