Author Topic: Daily Forex Market Analysis and News Feed  (Read 472 times)

Offline TraderSmith

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Daily Forex Market Analysis and News Feed
« on: November 28, 2018, 04:19:34 PM »
Forex News - EUR/USD directionless around 1.   1280, focus on US GDP, Powell

The pair stays sedated pressure under 1.   1300 the figure.   
The greenback remains sidelined very roughly 97.   40.   
Next of significance will be Q3 GDP, Powell's speech.   

The shared currency keeps struggling for processing in the center of the week, taking EUR/USD to the 1.   1280 regions ahead of key proceedings across the pond.   

EUR/USD looks to Powell, data

Spot stays under pressure after breaking below the vital barrier at 1.   1300 the figure, consequently in the isolated finding preserve in the 1.   1270/65 band.   

Absent headlines from the Brexit talks have resolved some respite to the Sterling and sticking to sustaining the warm slip in EUR/GBP, in slant adding to the current EUR-disorder.   

Looking ahead, the greenback will acquit yourself center stage later than the notice of flash readings of US Q3 GDP figures ahead of New Home Sales for the month of October and the speech by Chief J.   Powell at the Economic Club in New York.   

EUR/USD levels to watch

At the moment, the pair is losing 0.   01% at 1.   1287 and a crack below 1.   1267 (low Nov.   28) would want 1.   1214 (2018 low Nov.   12) en route to 1.   1188 (61.   8% Fibo of the 2017-2018 really).    On the flip side, the neighboring barrier is located at 1.   1357 (21-day SMA) seconded by 1.   1434 (high Nov.   22) and finally 1.   1473 (tall Nov.   20).   

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Post Merge: November 29, 2018, 02:00:34 PM
Forex News - EUR/USD Euro steady ahead of German CPI, Fed minutes

EUR/USD has ticked degrade in the Thursday session, after posting considerable gains coarsely Wednesday.  Currently, the pair is trading at 1. 1354, the length of 0. 11% as regards the daylight.  On the reprieve stomach, German Preliminary CPI is customary to p. s.  a get of 0. 2%, unchanged from the previous official pardon.  German unemployment fine-impression came in at -16 thousand, greater than before than the predict of -10 thousand.  Its an animated hour of the day for U. S.  indicators.  Core PCE Price Index and Personal Spending are stated to reveal gains of 0. 2% and 0. 4%, respectively.  Unemployment claims are predicted to slip to 221 thousand and the Federal Reserve releases the minutes of its November policy meeting.  On Friday, the eurozone releases CPI Flash Estimate and the U. S.  publishes Chicago PMI.  As adeptly, the G-20 begins a 2-day intensity in Argentina.

The U. S.  dollar was broadly degrading regarding Wednesday, courtesy of surprisingly dovish remarks from Fed Chair Jerome Powell.  The Fed seat said that the current rate levels of 2-2. 5 percent are just sedated the genderless range.  This is in tortured feeling contrast to Powell's explanation just last month when he said that rates were a long habit from asexual.  The backtrack is likely due to the fiddle taking into account in economic conditions in recent weeks GDP has been slowing, the buildup markets are beside and oil prices have fallen.  The Fed may have decided that this required an mitigation happening in the region of rate hikes in 2019, and Powell delivered this statement to the markets.  Only a few months ago, there was chat of a rate hike each quarter in 2019, but now, some analysts are predicting on your own one or two hikes adjacent year.  Despite Powell's dovish observations, the odds of a December rate have not diminished, which stand at 79%, according to the CME Group.

German confidence indicators slowed in November, and that could be bad news for the German and eurozone economies.  GfK consumer climate dropped to 10. 4 points, its weakest level by now May 2017.  Earlier in the week, Ifo Business Climate dropped to 102. 3, missing the forecast of 102. 0 points.  This marked a 4-month low.  The ongoing U. S-China trade skirmish has foul language the German export sector, as German companies that export to both the U. S.  and China are now facing higher tariffs.  Germany's economy posted a rare subside in the third quarter, in the middle of a contraction of 0. 2%.  Another difficulty is humble eurozone add, as wishy-washy economic ruckus in the third quarter appears to be the description in the fourth quarter.  As skillfully, the looming departure of Britain from the European Union and the crisis greater than the Italian budget have weighed upon the issue and consumer confidence levels in German.

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« Last Edit: November 29, 2018, 02:00:34 PM by TraderSmith »

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Daily Forex Market Analysis and News Feed
« on: November 28, 2018, 04:19:34 PM »

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