News & Analysis

European Round-Up: Wednesday 9th January

January 10, 2019

Economic News Releases

  • Mexico Consumer Price Index Month-on-Month (December) at 0.70% vs. 0.73% forecast
  • Mexico Consumer Price Index Year-on-Year (December) at 4.83% vs. 4.85% forecast
  • Bank of Canada Rate Decision unchanged at 1.75% as per forecast

To keep up to date with the upcoming economic events click here for our Economic Calendar.


Bank of Canada announced its decision to leave the interest rates unchanged at 1.75% as expected. There were no major moves for the Canadian Dollar after the latest announcement from the Canadian central bank.

Euro strengthening to its highest level since October against the US Dollar in today’s session, up by around 0.65%. Euro stronger against major currencies today whilst US Dollar weakened after the latest reports that the Fed is open to cutting interest rates.

Pound Sterling trading above 1.28 level against the US Dollar today after the latest blow to Theresa May in the Parliament after MP’s voted 308-297 in favor of an amendment which means the Prime Minister will have to come up with a ”Plan B” if her deal is voted down next week.

GBPUSD – Daily

EURUSD – Daily

FX Majors Summary


Oil price continuing to rise after another positive day yesterday. Both US Crude and Brent up by 2.26% and 2.07% respectively.

Metal commodities finishing the session in positive territory today. Gold was up by 0.38% whilst the price of Silver rose by around 0.28%.

USOUSD – Daily


Another good day for the major world Indices. ASX200 and DAX30 making the most gains, up by 0.98% and 0.73% respectively.

Global Indices Summary


Not a good day for the major cryptocurrencies today after making gains yesterday. Litecoin and Bitcoin experiencing the biggest losses, down by 3.24% and 1.23%. Litecoin falling below $40 after reaching its highest level since November yesterday.

Crypto Summary


By Klāvs Valters  

This article is written by a GO Markets Analyst and is based on their independent analysis. They remain fully responsible for the views expressed as well as any remaining error or omissions. Trading Forex and Derivatives carries a high level of risk.

Sources: Go Markets MT4, Google, Datawrapper, Tradingview