Daily Market Report - August 18, 2016

Welcome and good morning. Thank you for joining us for Thursday’s daily market report brought to you by AnyOption.

Cable is expected to continue heading lower in the coming days in spite of the Bank of England’s move to stimulate the economy.

According to recent data, U.S. oil giant BP PLC (BP) is striving to become an innovator in the world of oil producers.

Wall Street consolidates as clues to a possible rate hike come to light.

The Australian dollar is expected to move higher as the change in the number of employed people during the previous month in Australia is projected to increase.

The pound is expected to find support against the dollar as the change in the total value of inflation adjusted instruments sold at the retail level in the UK is projected to increase.

Traders should experience almost no volatility today during the release of the detailed record of the ECB's most recent meeting.

Japanese yen is expected to appreciate against the greenback as the number of individuals who filed for unemployment insurance for the first time during the past week in the U.S. is projected to increase.

Thank you for joining us for Thursday’s market outlook. On behalf of all of us here at AnyOption, we wish you a productive trading day.

Disclosure: None.

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