Today’s focus on US Consumer Confidence & Speech of BOC Governor Poloz

November 28, 2017

Quiet Asian Session Has investors Taking Profits.

Today’s focus on US Consumer Confidence & Speech of BOC Governor Poloz

This article is originally referred from FXPrimus News

FXPrimus has summarized the important market indicators of the day.

Today’s Important Indicators

The Euro is poised for more weekly gains as demand for the USD dips against its major counterparts. While Euro traders took some profits near 1.1960 causing the EURUSD to fall below 1.19 the rate seems to have stabilized above 1.19.

The Dollar has recovered some ground against the Yen during a quiet Asian session.

The market may offer some good opportunities today around the release of the US consumer confidence, and some good moves in the CAD when BOC Governor Poloz speaks.

Today’s Forecast for Important Trading Indicators

Market Movers

  • EURUSD – Euro tilts higher as Euro FINDS BUYERS. Euro hit some profit takers when reaching 1.1960, however found some more buyers when falling to 1.1890. Price has since settled above 1.19, more positive releases out of Europe may continue to push EUR demand higher

EURUSD 1-HOUR CHART

  • USDJPY – Dollar strengthens against JPY following weekend. US Dollar versus Yen gained some traction during a quiet Asian session. The pair is up to 111.25 after falling from 111.70 to 110.95. The pair may continue higher if consumer confidence out of the US improves above expectations.
  • GBPUSD – Pound volatility felt overnight. Pound is down to 1.3305 and falling from the overnight high of 1.3380. Carney will speak about the UK economy and this will surely impact the GBP against all its counterparts.

GBPUSD 1-HOUR CHART

  • USOIL – Oil still off its highs. Crude Oil has come of its highs of 59 USD per barrel shedding nearly 3 USD gains. There is still demand for the commodity, however, the sharp move upwards has come into profit taking and investors have since let the price stabilize in anticipation of the weekly inventories result.
  • XAUUSD – Gold maintains rise. Spot Gold has come off its highs when it got close to $1300/oz, however, the risk averse investors have not let the price fall to low and with news of North Koreas possible missile test the yellow commodity may get a renewed batch of buying from worrisome investors.
  • European Indexes – UK 100 opens 0.04% higher, DE 30 trades 0.04% higher.
  • Asian Indexes – Hang Seng trades 0.02% lower.

Original Source: FXPrimus News

50 USD for Free

Free 123 USD

30 USD for Free

25 USD for Free

300 USD for Free

100 USD for Free

Partner brands

Hercules